please complete the following charts and fill in the blanks
second fill in the blank: discount or premuim
third fill in the blank: decreasing or increasing
fourth fill in the blank: a constant or a decreasing or an increasing
Universal Autoparts inc, issued $160,000 of 65 , the-year bonds at a price of 80 on January 31,20x1 (Note: When the istue price of bends is provided, as in thas case, you do not need to calculate Beas the reguiroments. \begin{tabular}{l|l|l|} \hline Required \\ \hline July 31, 20x1 \end{tabular} equirement 2. Record Universar's issuance of the bonds on January 31,201, and payment of the first semi-annual incerest amount and amortization of the bonds on July 31,201. tart by recording the issuance of bonds on January 31, 20x1. (Record debits first, then credits. Exclude explanations from journal entries.) Now, recocd the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 20X1. (Record debits first, then credits. Exclude explanations from journal entries Requirement 3. How much cash id Universal Autoparts borrow on January 31, 20x1? How much cash wil Universal Autoparts pay back at maturity on January 31, 20X6? Amount of cash Universal Autoparts borrowed on January 31, 20x1: Amount of cash Universal Autoparts will pay bsck on January 31, 20x6: Requirement 4. How much cash interest wil Universal Auloparts pay each six monehs? Amount of cash interest Universal Auloparts wilt pay each six months: Requirement 5. How much interest expense wal Universal Autoparts report on July 31, 20X1, and on Janvary 31, 20x2? Why does the amourt of interest expense increase each penod? Explain dotail. In this step, enter the interest expense anounts Universal Autoparts will repert on July 31, 20X1, and on Jancuary 31, 202. Interest expense Universat Autoparts will repert on July 31, 20X1: Interest expense Universal Autoparts will repert on January 31, 20X2: Why does the amount of interest expense increase each period? Requirement 5. How much interest expe detail. In this step, enter the interest expense ar Interest expense Universal Autoparts Interest expense Universal Autoparts Why does the amount of interest expensi bond carrying amount decreases bond carrying amount increases discount account balance decreases discount account balance increases JX1, and on January 31,202? Why does the amount of interest e .201, and on January 31,202. as the bonds move toward maturity, and the must be amortized o bond carrying amount produces amount of interest expense each period