Sonic Drive-Ins borrowed money by issuing $3,000,000 of 6% bonds payable at 97 5. Interest is paid semiannually Requirements 1. How much cash did Sonic receive when it issued the bonds payable? 2. How much must Sonic pay back at maturity? 3. How much cash interest will Sonic pay each six months? Requirement 1. How much cash did Sonic receive when it issued the bonds payable? Amount of cash Sonic received when the bonds payable were issued = Requirement 2. How much must Sonic pay back at maturity? At maturity, Sonic must pay back Requirement 3. How much cash interest will Sonic pay each six months? Every six months, Sonic will pay interest of