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Potter Corporation issued $640,000 of 5%,12-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. Potter Corporation's yearend is March 31. Review the following amortization table for Potter's bonds: (Click the icon to viow the amortization table.) Read the requirements. 1. How much cash did Potter Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 2031? Potter borrowed cash in the amount of \$ on March 31, 2019. Requirements Using the amortization table for Potter's bonds, answer the questions below: 1. How much cash did Potter Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 2031? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Potter Corporation report on September 30 . 2019, and on March 31, 2020? Why does the amount of interest expense increase each period? Kendrick Corporation issued $530,000 of 5%, 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. Kendrick Corporation's year-end is March 31. Review the following amortization table for Kendrick's bonds: (Click the icon to view the amortization table.) Read the requirements, 1. How much cash did Kendrick Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 2029? Kendrick borrowed cash in the amount of $ on March 31, 2019

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