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Radulski Corporation issued $650,000 of 14%,10-year bonds payable on January 1,2022 . The market interest rate at the date of issuance was 12%, and the

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Radulski Corporation issued $650,000 of 14%,10-year bonds payable on January 1,2022 . The market interest rate at the date of issuance was 12%, and the bonds pay interest semiannually (on June 30 and December 31 ). Radulski Corporation's year-end is June 30 . Radulski 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 Radulski Corporation borrow on January 1,2022? How much cash will Radulski Corporation pay back at maturity? On January 1, 2022, Radulski borrowed At maturity Radulski will pay back Requirements Use the amortization table for Radulski Corporation's bonds to answer the following questions: 1. How much cash did Radulski Corporation borrow on January 1, 2022? How much cash will Radulski Corporation pay back at maturity? 2. How much cash interest will Radulski Corporation pay each six months? 3. How much interest expense will Radulski Corporation report on June 30, 2022, and on December 31, 2022? Does the amount of interest expense increase or decrease each period? Why? Reference

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