[The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $562.757. 2 Exercise 9-17A Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $556,810 on December 31, 2023 (Round your interest expense to the nearest whole dollar.) ded Date Cash Pald Interest Expense Decrease in Carrying Value Carrying Value $ $ 15,000 $14,069 15,000 14,046 931 954 $ 562.757 561,826 560,872 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 OO O O Required information Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below) On January 1, 2021, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $562,757 Exercise 9-17A Part 2 d 2. If the market interest rate increases to 7% on December 31, 2023, it will cost $450,748 to retire the bonds. Record the retirement of the bonds on December 31, 2023. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar) No Date General Journal Debit Credit 1 14,046 December 31, 202 Interest Expense Premium on Bonds Payable Cash 954 OOS 15,000