Stinson Corporation issued $620,000 of 5%, 10-year bonds payable on March 31, 2022. The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Stinson Corporation's year-end is March 31. Review the following amortization table for Stinson's bonds: (Click the icon to view the amortization table.) Read the requirements. 1. How much cash did Stinson Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31, 2032? Requirements Using the amortization table for Stinson's bonds, answer the questions below: 1. How much cash did Stinson Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31, 2032? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Stinson Corporation report on September 30, 2022, and on March 31, 2023? Why does the amount of interest expense increase each period? Print Done - eck answer Reference Bond Semiannual Interest Interest Date Payment Interest Expense Discount Amortization Discount Carrying Balance Amount Mar 31, 2022 $ 161,298 $ 458,702 Sep 30, 2022 $ 15,500 $ 20,642 $ 5,142 156,156 463,844 Mar 31, 2023 15,500 20,873 5,373 150,783 469,217 Sep 30, 2023 15,500 21,115 5,615 145,168 474,832