Lacrosse Inc. issued on January 1, 2021 a ten-year $30 million bond with a contract rate of interest listed at 8 percent. The market rate of interest on January 1, 2021 was 12 percent. Cash interest payments are semi-annually.

A. The interest expense to be paid in cash by Lacrosse Inc. for the full 2021 year would be?

B. The interest expense to be paid in cash by Lacrosse Inc. for the first semi-annual interest payment would be?

C. The total amount of interest expense paid in cash by UConn for the entire period of the bond from January 1, 2021 to December 31, 2030?

D. What is the journal entry required to post the bond sale on January 1, 2021?

E. What is the total amount of interest expense incurred by Lacrosse Inc. during the year 2021?

F. If the market rate were suddenly changed to 6% prior to the issuance of the bonds then what would Lacrosse Inc. receive in cash the day the bonds were issued?

G. Using a market rate of interest of 6% then what is the total interest expense incurred by Lacrosse Inc. in 2021?