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Required Information (The following information applies to the questions displayed below.) On January 1, 2021, Vocation Destinations issues $31 million of bonds that pay interest

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Required Information (The following information applies to the questions displayed below.) On January 1, 2021, Vocation Destinations issues $31 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (3) Cash Paid Carrying (2) (5) Increase in Interest Carrying for Interest Expense Value Date 1/1/2021 6/30/2021 12/31/2021 $1,085,000 1,085,000 $1,155,740 1,158,570 Value 528,893,499 28.964,239 29,037,809 $70.740 73,570 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in dollars, not millions (le, $5.5 million should be entered as 5,500,000).) Total cash interest 8

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