yed below On January 1, 2021, Splash City issues $390,000 of 7% bonds, due in 10 years with interest payable semiannually on June 30 and Decembena1 each year. The market interest rate on the issue date is 8% and the bonds issued at $363.499 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $367.278 on December 31, 2022 (Round Interest expense to nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01012021 08/30/2021 12/312021 08.30.2022 12/31/2022