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On January 1, 20X1, Brooks Energy issued $200 million of 15 -yeor, flooting-rate debentures at par value. The debentures pay interest on June 30 and

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On January 1, 20X1, Brooks Energy issued $200 million of 15 -yeor, flooting-rate debentures at par value. The debentures pay interest on June 30 and December 31 of each year. The floating interest rate is set equal to "LIBOR plus 6% " on January 1 of each year. The LIBOR was 6% when the bonds were issued and 8% on January 1.202. Required: 1. How much cash interest did Brooks Energy pay on the debentures in 20 ? How much will it pay in 202 ? 2 How much interest expense did the company record on the debentures in 201 ? How much will it record in 202 ? (Enter your answer in millions.) On January 1, 20X1, Brooks Energy issued $200 million of 15 -yeor, flooting-rate debentures at par value. The debentures pay interest on June 30 and December 31 of each year. The floating interest rate is set equal to "LIBOR plus 6% " on January 1 of each year. The LIBOR was 6% when the bonds were issued and 8% on January 1.202. Required: 1. How much cash interest did Brooks Energy pay on the debentures in 20 ? How much will it pay in 202 ? 2 How much interest expense did the company record on the debentures in 201 ? How much will it record in 202 ? (Enter your answer in millions.)

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