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X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following

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X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity. Interest O Date 01/01/2021 12/31/2021 Cash Paid Expense Decrease in Carrying Value Carrying Value $249,583 $21,600 $19,967 $1,633 247,949 12/31/2022 21,600 19,836 1,764 246,185 12/31/2023 21,600 19,695 1,905 244,280 12/31/2024 21,600 19,542 2,058 242,222 12/31/2025 21,600 19,378 2,222 240,000 X2 issued the bonds at: Multiple Choice 30 Next >

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