The Square Foot Grill, Inc., issued $200,000 of 10-year, 6 percent bonds on July 1, 2016, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization.

c.

What amount of interest expense will Square Foot report on the financial statements for 2016 and 2017?

d.	What amount of cash will Square Foot pay for interest in 2016 and 2017?

Required information 0.25 points c. What amount of interest expense will Square Foot report on the financial statements for 2016 and 2017? 2016 2017 Interest expense Hints References eBook & Resour Required Information Hint #1 The folowing information applies to the questions displayed below. The Square Foot Grill, Inc, ssued $200,000 of 10-yr6percent bonds on July 1, 2016, at 102. Interest is payable in cash semiannually on June 30 and Dcmber 31. The straight-line method is used for amortization. 12 Required information 0.25 points d. What amount of cash will Square Foot pay for interest in 2016 and 2017? 2016 2017 Cash outflow for interest