Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Value Interest Expense Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $15,600 15,600 15,600 15,600 15,600 15,600 $18,510 18,656 18,809 18,969 19, 137 19, 314 $2,910 3,056 3,209 3, 369 3,537 3,714 Carrying Value $370, 205 373, 115 376, 171 379, 380 382, 749 386, 286 390,000 THA issued the bonds for