Required information [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $440,000 of 6% bonds, due in 20 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 $393,019. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $395,361 on December 31, 2025. (Round your final answers to nearest whole dollar.) Date 01/01/2024 06/30/2024 12/31/2024 06/30/2025 12/31/2025 Cash Paid Interest Expense Change in Carrying Value Carrying Value

Required informotion The following information applites to the questions displayed below.] On January 1, 2024, Splash City issues $440,000 of 6% bonds, due in 20 years, with interest payable semlannually on June 30 and December 31 each vear. The market interest rate on the issue date is 7% and the bonds issued at $393,019. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $395,361 on December 31, 2025. (Round your final onswers to nearest whole dollar.)