Required information [The following information applies to the questions displayed below] On January 1, 2024. White Water issues $550,000 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 $600,578. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $594,160 on December 31,2026 . (Round your finel answers to the nearest whole dollor.)