Required information

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On January $1,2024,$ White Water issues $$600,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually on

June $30$ and December $31$ each year. The market interest rate on the issue date is $6\%$ and the bonds issued at $$644,632.$

Required:

Using an amortization schedule, show that the bonds have a carrying value of $$633,887$ on December $31,2026.($Round your final

answers to nearest whole dollar.$)$