X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year X2 accountant has projected the following amortization schedule from issuance until maturity: Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 112/31/2023 12/31/2024 12/31/2025 $19,000 19,000 19,800 19,000 19,000 $17,765 17,654 17,533 17,401 17,257 $1,235 1,346 1,467 1,599 1,743 Carrying Value $197,390 196,155 194,809 193,342 191,743 190,000 X2 issued the bonds at: Multiple Choice Face amount A discount Connot be determined from the given Information A premium