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Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024,
Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $21 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) Cash Paid for (3) Interest Date Interest Expense (4) Increase in Carrying Value (5) Carrying 1/1/2024 Value $19,573,016 6/30/2024 12/31/2024 $735,000 735,000 $782,921 784,837 $47,921 49,837 19,620,937 19,670,774 Problem 9-6A (Algo) Part 6 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) Total cash interest
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