Question 17 (1 point) Saved Below is a partial effective interest amortization table for Carter Company's bonds payable. What is the BOOK VALUE of Carter Company's bonds on December 31, 2025? Interest Payment Date Cash Decrease Payment Amount Dec 31, 2022 $1,000,000 Interest Expense $841,937 $158,063 in Book Premium Premium Value $890,364 $20,890,364 Dec 31, 2023 $1,000,000 $835,615 $164,385 $725,979 $20,725,979 Dec 31, 2024 $1,000,000 $829,039 $170,961 $555,018 $20,555,018 Dec 31, 2025 $1,000,000 $822,201 ???? Dec 31, 2026 Dec 31, 2027 Hint: First compute the 'Decrease in Premium' and 'Premium' balances as of December 31, 2025. Once you've done that, it's easy to compute the new Book Value.