Required information [The following information applies to the questions displayed below.] On January 1,2024 , 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 31,2025 . (Round your final answers to nearest whole dollar.)