Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$460,000$ 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 $7\%$ and the bonds issued at $$502,302.$

Required:

Using an amortization schedule, show that the bonds have a carrying value of $$496,935$ on December $31,2026.($Round your final

answers to the nearest whole dollar.$)$