Required information Exercise 9-19 (Static) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below] On January 1,2024 . Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 10% and the bonds issued at $457,102. Exercise 9-19 (Static) Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $458,633 on December 31,2025 . (Round your final answers to nearest whole dollar.) Required information Exercise 9-19 (Static) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 10% and the bonds issued at $457,102. xercise 9-19 (Static) Part 2 If the market interest rate drops to 7% on December 31,2025 , it will cost $601,452 to retire the bonds. Record the tirement of the bonds on December 31, 2025. (If no entry is required for a particular transaction/event, select "No Journal ntry Required" in the first account field. Round your final answers to the nearest whole dollar.)