58. Brenham Company has the following information available as of December 31, 2015: Bond payable Date of issue Term Contract interest rate Market rate on issue date Interest paid $750,000 1/01/2015 20 years 40 semi-annually a 2 Which of the following statements is (are) true? b. The cash interest payment is decreasing each year over the life of the bond. d. The total amount that must be repaid on this bond issue over its 20-year life is The carrying value of the bond on December 31, 2015 is less than $750,000. The interest expense over the life of the bond issue is $600,000. $1,200,000. e. none of the above