Leon Corporation issued $400,000 of 10%, 10-year bonds payable on January 1, 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually (on June 30 and December 31). Leon Corporation's year-end is June 30. Leon 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 Leon Corporation borrow on January 1, 2019? How much cash will Leon Corporation pay back at maturity? Leon borrowed $ on January 1, 2019. The company will pay back $ 2. How much cash interest will Leon Corporation pay each six months? Leon will pay $ cash interest each six months. at maturity. 3. How much interest expense will Leon Corporation report on June 30, 2019, and on December 31, 2019? Does the amount of interest expense increase or decrease each period? Why? Leon will report $ Leon will report $ of interest expense for the six months ending June 30, 2019. of interest expense for the six months ending December 31, 2019. Does the amount of interest expense increase or decrease each period? Why? The amount of interest expense each period because the carrying value of the bonds over time and interest expense is based on the value of the bonds