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 Decrease in Carrying Date Cash Paid Expense Carrying Value Value 01/01/2021 $207,582 12/31/2021 $22,000 $20,758 $1,242 206,340 12/31/2022 22,000 20,634 1,366 204,974 12/31/2023 22,000 20, 497 1,503 203, 471 12/31/2024 22,000 20,347 1,653 201,818 12/31/2025 22,000 20,182 1,818 200,000 X2 issued the bonds at: Multiple Choice Face amount A premium Multiple Choice Face amount A premium A discount Cannot be determined from the given information