Required information The following information applies to the questions displayed below) On January 1, 2024, Splash City issues $480,000 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 8% and the bonds issued at $447,383 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $452,034 on December 31, 2025, (Round your final answers to nearest whole dollar) Date 01/01/2024 Cash Paid interest Expense Change in Carrying Value Carrying Value 06/30/2024 12/31/2024 06/30/2005 12/31/2025