Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $510,000 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 $547,938. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $538,805 on December 31,2026 . (Round your final answers to the nearest whole dollar.)