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: Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 $ 197,390 12/31/2021 $ 19,000 $ 17,765 $ 1,235 196,155 12/31/2022 19,000 17,654 1,346 194,809 12/31/2023 19,000 17,533 1,467 193,342 12/31/2024 19,000 17,401 1,599 191,743 12/31/2025 19,000 17,257 1,743 190,000 X2 issued the bonds at: Multiple Choice Face amount. A premium. A discount. Cannot be determined from the given information.