Waldron Corporation issued $350,000 of 12%, 10-year bonds payable on January 1, 2019. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually on June 30 and December 31). Waldron Corporation's year and is June 30, Waldron prepared an effective interest amortization table for the bonds through the first three interest payments as follows: Click the icon to view the amortization schedule) Read the requirements 1. How much cash did Waldron Corporation borrow on January 1, 2017 How much cash will Waldron Corporation pay back at maturity? Waldron borrowed on January 1, 2019. The company will pay back at maturity 2. How much cash interest wil Waldron Corporation pay each six months? Waldron will pay 5 cash interest each six months 3. How much interest expense will Waldron Corporation report on June 30, 2019, and on December 31, 2019? Does the amount of interest expense increase or decrease each period? Why? Waldron will reports Waldron will reports of interest expense for the six months anding June 30, 2019 of interest expense for the six months ending December 31, 2019 Does the amount of interest expense increase or decrease each period? Why? each period because the carrying value of the bonds The amount of interest expense value of the bonds over time and interest expense is based on the Interest Payment Interest Expense Premium Amortization Semiannual Interest Date Jan 1, 2019 Jun 30, 2019 Dec 31, 2019 Jun 30, 2020 Premium Account Balance 43,618 42.299 40,914 39.460 21,000 21,000 21,000 19.681 19.615 19,546 1,319 1,385 1.454 Bond Carrying Amount 393,618 392.299 390,914 389.460