Jackson Corporation issued $350,000 of 16%, 10-year bonds payable on January 1, 2022. The market interest ate at the date of issuance was 14%, and the bonds pay interest semiannually (on June 30 and December 31). Jackson Corporation's year-end is June 30. Jackson prepared an effective-interest amortization table for the bonds through the first three interest payments as follows: (Click the icon to view the amortization schedule.) Read the requirements. 1. How much cash did Jackson Corporation borrow on January 1, 2022? How much cash will Jackson Corporation pay back at maturity? On January 1, 2022, Jackson borrowed At maturity Jackson will pay back Get more help Clear all Check answer