Required information

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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:

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.$)$