Required information [The following information applles to the questions displayed below] On January 1, 2024, White Water issues $400,000 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 $436,784 Fquired: Using an amortization schedule, show that the bonds have a carrying value of $432,116 on December 31, 2026. (Round your finat iswers to the nearest whole dollac.) Aequired information The following information applies to the questions dispiayed below] On January 1, 2024, White Water issues $400,000 of 8% bonds, doe in 15 years, with interest paysble semiannualy on June 30 and December 31 esch year. The market interest tate on the issue date is 7% and the bonds issued ot 5436,784. 2. If the market interest tate increases to 9% on December 31,2026 , it will cost $371,009 to retire the bonds: Record the retirement of the bonds on December 31.2026. of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field, Aound your finat answers to the nearest whole dollar.)