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K Rangel Corporation issued $600,000 of 7%, 10-year bonds payable on March 31, 2022. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. Rangel Corporation's year-end is March 31. Review the following amortization table for Rangel's bonds. (Click the icon to view the amortization table.) Requirements Using the amortization table for Rangel's bonds, answer the questions below: 1. How much cash did Rangel Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31, 2032? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Rangel Corporation report on September 30, 2022, and on March 31, 2023? Why does the amount of interest expense increase each period? Print Done Reference Semiannual Interest Date Mar 31, 2022 Sep 30, 2022 $ Mar 31, 2023 Sep 30, 2023 Interest Payment 21,000 $ 21,000 21,000 Interest Discount Discount Expense Amortization Balance 24,392 $ 24,562 24,740 Print 3,392 3,562 3,740 Done Bond Carrying Amount $ 112,160 $ 487,840 491,232 494,794 498,534 108,768 105,206 101,466 -

Coporation's year-end is March 31 . Review the foliowing amonuason tatle for Rengefi bonda P (Click the icon lo vew the amoriabon table) Requirements Reference Using the anortzation tabie for Rengers bondt, anyee the questions below 1. How much cash dd Hangel Coporabon Bonow on March 31, 2022? How moch cash wa the company pay bock at mutirty on Mart 31, 2032? 2. How inich cash interest wal the corpany pay each wx morths? 3. How much rierest espente wa Panget Corporation report on Seplember 30 . 2022, and on Hach 31, 2023? Why does the anount of riteresi eagense inerease emch perod

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