Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity: Interest Date 01/01/2024 Cash Paid Expense Increase in Carrying Value Carrying Value $370,823 06/30/2024 $19,500 $22,249 $2,749 373,572 12/31/2024 19,500 22,414 2,914 376,486 06/30/2025 19,500 22,589 3,089 100 379,575 12/31/2025 19,500 22,775 3,275 382,850 06/30/2026 19,500 22,971 3,471 386,321- 12/31/2026 19,500 23,179 3,679 390,000 SWAC issued the bonds for: