X 59-7 (book/static) Question Help Pearce Corporation issued $580,000 of 6%, 10-year bonds payable on March 31, 2019 The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually Pearce Corporation's year-end is March 31. Review the following amortization table for Pearce's bonds (Click the icon to view the amortization table.) Read the requirements 1. How much cash did Pearce Corpo Requirements - X arch 31, 20297 Pearce borrowed cash in the amount Pearce will pay back cash in the amo Using the amortization table for Pearce's bonds, answer the questions below 1. How much cash did Pearce Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 20297 2. How much cash interest will the company pay each six months? 3. How much interest expenso wie Poarce Corporation report on September 30, 2019, and on March 31, 2020? Why does the amount of interest expense increase each period Enter any number in the edit fields and then click Check Answer 4 Coming Che Question sued 5580 000 of 6%, 10-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 10%, and the bor Pearce Corporation's year-end is March 31. Review the following amortization table for Pearce's bonds: view the amortization table.) A h 31, 2029? hid Pearce Codi Reference ash in the amo ok cash in the Semiannual Interest Date Mar 31, 2019 Sep 30, 2019 Mar 31, 2020 Sep 30, 2020 Bond Interest Interest Discount Discount Carrying Payment Expense Amortization Balance Amount $ 144,562 $ 435,438 $ 17.400 $ 21,772 $ 4,372 140,190 439,810 17,400 21,991 4,591 135,599 444,401 17.400 22,220 4,820 130,779 449,221 Print Done er in the edit fields and then click Check Answer. Clear All Check