37) Bronco High School issues $10 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedul appears below: Increase in Carrying Value Interest Date Cash Paid Expense Carrying Value S 8,800,000 01/01/2021 06/30/2021S 400,000S 440,000 S 40,000 8,840,000 12/31/2021 400,000 442,000 42,000 8,882,000 What is the total cash paid for interest assuming the bonds mature in 10 years? A) $10,000,000 C) $18,000,000 B) $8,000,000. D) $8,800,000. Learning Objective: 09-05 Record the issuance of bonds and related interest