Required information [The following information applies to the questions displayed below.) On January 1, 2021. Splash City issues $490,000 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 $450,092 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $452,891 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Cash Paid Date 01/01/2021 Interest Increase in Expense Currying Value Carrying Value $ 450,092 06/30/2021 12/31/2021 05/30/2022 12/31/2022 $ 19,600 19,800 19,600 19,600 452,893