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Required information [The following information applies to the questions displayed below.] On January 1,2024 . White Water issues $520,000 of 8% bonds, due in 15

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Required information [The following information applies to the questions displayed below.] On January 1,2024 . White Water issues $520,000 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 $567,819. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $561,752 on December 31,2026 . (Round your fina answers to the nearest whole dollar.)

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