! Required information [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $400,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $367,422. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $369,707 on December 31, 2025. (Round your final answers to nearest whole dollar.) > Answer is complete but not entirely correct. Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2024 $ 367,422 06/30/2024 $ 16,000 $ 16,534 $ 534 367,956 12/31/2024 16,000 16,558 558 368,544 06/30/2025 16,000 16,584 583 369,127 12/31/2025 16,000 16,580 x 580 X 369,707