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Rankin Corporation issued $520,000 of 5%,12-year bonds payabie on March 31,2022. The market interest nate at the date of issuance was 10%, and the bonds

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Rankin Corporation issued $520,000 of 5%,12-year bonds payabie on March 31,2022. The market interest nate at the date of issuance was 10%, and the bonds pay interest semiannualy. Rankin Corporation's year-end is Maroh 31. Review the following amortization thble for Randir't bonds (Click the kon to view the amortration tabie.) Read the tequirements. 1. How much cash did Fankin Corporation borrow on Narch 31, 20227 How much cash will the company pay back at maturty on March 31, 2034? On March 31, 2022, Rankin borrowed cash in the amount of Reference

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