On April 1, year 1, Cricket Corporation issues $30 million of 6%, 8-year bonds payable at par. Interest on the bonds is payable semiannually each April 1 and October 1.

The amount of cash paid to bondholders for interest during Year 1, is:

Multiple Choice

$900,000.

$450,000.

$1,800,000.

$1,350,000.