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Halbach Corporation issued $300,000 of 16%,10-year bonds payable on January 1,2022 . The market interest rate at the date of issuance was 14%, and the bonds pay interest semiannually (on June 30 and December 31). Halbach Corporation's year-end is June 30. Halbach 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 Halbach Corporation borrow on January 1, 2022? How much cash will Halbach Corporation pay back at maturity? On January 1, 2022, Halbach borrowed At maturity Halbach will pay back Requirements Use the amortization table for Halbach Corporation's bonds to answer the following questions: 1. How much cash did Halbach Corporation borrow on January 1, 2022? How much cash will Halbach Corporation pay back at maturity? 2. How much cash interest will Halbach Corporation pay each six months? 3. How much interest expense will Halbach Corporation report on June 30, 2022, and on December 31, 2022? Does the amount of interest expense increase or decrease each period? Why? Gilmartin Corporation issued $600,000 of 6%,10-year bonds payable on January 1,2022 . The market interest rate at the date of issuance was 4%, and the bonds pay interest semiannually (on June 30 and December 31). Gilmartin Corporation's year-end is June 30 . Read the requirements. 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is Requirements 1. Using the PV function in Excel, calculate the issue price of the bonds. 2. Prepare an effective-interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar. 3. Record Gilmartin Corporation's issuance of the bonds on January 1, 2022, and payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2022. Explanations are not required

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