Waldron Corporation issued $600,000 of 16%, 10-year bonds payable on January 1, 2019. The market interest rate at the date of issuance was 14%, and the bonds pay interest semiannually on June 30 and December 31). Waldron Corporation's year-end 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.) Requirements Read the requirements 1. How much cash did Waldron Corporation borrow on January 1, 2019? 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 will Waldron Corporation pay each six months? Use the amortization table for Waldron Corporation's bonds to answer the following questions: 1. How much cash did Waldron Corporation borrow on January 1, 2019? How much cash will Waldron Corporation pay back at maturity? 2. How much cash interest will Waldron Corporation pay 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 pay $ 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? Print Done Waldron will report $ Waldron will report $ of interest expense for the six months ending 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? The amount of interest expense V each period because the carrying value of the bonds over time and interest expense is based on the value Reference Semiannual Interest Date Interest Payment Interest Expense Premium Amortization Premium Account Balance Bond Carrying Amount 663,564 Jan 1, 2019 63,564 Jun 30, 2019 48,000 46.449 1,551 62.013 662,013 Dec 31, 2019 48.000 46,341 1,659 60.354 660,354 Jun 30, 2020 48,000 46,225 1.775 58,579 658,579 Print Done