Answer:
$194,758
Explanation:
The issue price of a bond is the relationship between the interest rate on the bond and the market interest rate in the same period.
However , the carrying value at the issuance date is the issue price.
Date       Cash paid   Interest  Increase  Carrying Value
01/01/2021 Â Â 194,758
06/30/2021 Â Â 7000 Â Â Â Â Â 7790 Â Â Â 790 Â Â Â Â Â Â Â Â Â 195548
12/31/2021 Â Â Â 7000 Â Â Â Â Â 7822 Â Â 822 Â Â Â Â Â Â Â Â Â 196,370
06/30/2022 Â Â 7000 Â Â Â Â Â 7855 Â Â 855 Â Â Â Â Â Â Â Â Â 197225
12/31/2022 Â Â Â 7000 Â Â Â Â Â 7,889 Â Â 889 Â Â Â Â Â Â Â Â Â 198,114
06/30/2023 Â Â 7,000 Â Â Â Â Â 7,925 Â Â 925 Â Â Â Â Â Â Â Â Â 199,039
12/31/2023 Â Â Â 7000 Â Â Â Â Â 7961 Â Â Â 961 Â Â Â Â Â Â Â Â Â Â 200,000
The carrying value of the bond at 01/01/2021 is the issue price while its face per value is $2,000,000