Required information [The following information applies to the questions displayed below] On January 1, 2021, Vacation Destinations issues $40 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below (1) (2) Cash Paid (3) Interest (4) Inerease in (5) Carrying Value $37,281,935 37,373,212 37,468,140 Date 1/1/2021 6/30/2021 12/31/2021 for Interest Expense Carrying Value $1,400,000 1,400,000 $1,491,277 1,494,928 $91,277 94,928 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000.)) Face amount Next> of 18 14 12 13 11