Required information The following information applies to the questions displayed below) Part of 2 On January 1, 2021, White Water issues $580,000 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 7% and the bonds issued at $633,337 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $626,569 on December 31, 2023. (Round your interest expense to the nearest whole dollar.) Cash Pald Interest Expense Decrease in Carrying Value Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 05/30/2022 231/2022 06/30/2023 12312023