Required information The following information applies to the questions displayed below) On January 1, 2021, Vacation Destinations issues $28 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (3) (5) (2) Cash Paid Interest (4) Increase in Carrying Value Carrying for Interest Expense Date 1/1/2021 6/30/2021 12/31/2021 Value $26,178,889 26, 236,939 26, 297,601 $1,120.000 1,120,000 $1,178,050 1,180,662 $58,050 60,662 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