Required information The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $470.000 of 7% bonds, due in 10 years, with Interest payable semiannually on June 30 and December 31 each year. The market Interest rate on the issue date is 6% and the bonds issued at $504,962. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $496,547 on December 31, 2023. (Round your interest expense to the nearest whole dollar.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 | 06/30/2022 12/31/2022 06/30/2023 12/31/2023