Required information [The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations issues $23 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (5) Cash Paid Interest (4) Increase in Carrying Value Carrying for Interest Expense Date 1/1/2021 6/30/2021 12/31/2021 $690,000 690,000 $747,795 749,818 $57,795 59,818 Value $21,365,573 21,423,368 21,483, 186 Required: 1. Were the bonds issued at face amount, a discount, or a premium? Multiple Choice Face amount O Discount