Required information [The following information applies to the questions displayed below.] On January 1,2024 , 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 31,2026 . (Round your final answers to the nearest whole dollar.)