Schaffer Corporation issued $600,000 of 6%, 12-year bonds payable on March 31, 2022. The market interest rate at the P date of issuance was 10%, and the bonds pay interest semiannually. Schaffer Corporation's year-end is March 31. Review the following amortization table for Schaffer's bonds: (Click the icon to view the amortization table.) Read the requirements. 1. How much cash did Schaffer Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31, 2034? On March 31, 2022, Schaffer borrowed cash in the amount of Reference Bond Semiannual Interest Date Interest Payment Interest Discount Expense Amortization Discount Carrying Balance Amount Mar 31, 2022 $ 165,584 $ 434,416 Sep 30, 2022 $ 18,000 $ 21,721 $ 3,721 161,863 438,137 Mar 31, 2023 18,000 21,907 3,907 157,956 442,044 Sep 30, 2023 18,000 22,102 4,102 153,854 446,146 Requirements Using the amortization table for Schaffer's bonds, answer the questions below: 1. How much cash did Schaffer Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31, 2034? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Schaffer Corporation report on September 30, 2022, and on March 31, 2023? Why does the amount of interest expense increase each period