A company issues a $250,000 mortgage payable with the following terms: 3% interest rate, 5-year term starting January 1, 2021. Semi-annual instalment payments are due on June 30 and December 31 A fixed principal payment of $25,000 is utilized for each instalment Required: 1 Part A: What is the total cash payment made on June 30th (5)? Part B: What is the mortgage payable balance on July 1, 2021 (5)? Part C: What is the total amount of interest expense for 2021