Kendall Corporation issued $660,000 of 7%, 10-year bonds payable on March 31. 2016. The market interest rate at the date of issuance was 8%. and the Kendall Corporation bonds pay interest semiannually. Kendall's year-end is March 31. Using the following amortization table for Kendall's bonds, answer the questions below: 1. How much cash did Kendall Corporation borrow on March 31, 2016? How much cash will Kendall Corporation pay back at maturity on March 31, 2026? 2. How much cash interest will Kendall Corporation pay each six months? 3. How much interest expense will Kendall Corporation report on September 30, 2016, and on March 31, 2017? Why does the amount of interest expense increase each period