Question: Use the amortization table that you prepared for Jackson Corporation's bonds in S9-13 to answer the following questions: 1. How much cash did Jackson Corporation

Use the amortization table that you prepared for Jackson Corporation's bonds in S9-13 to answer the following questions:
1. How much cash did Jackson Corporation borrow on January 1, 2016? How much cash will Jackson Corporation pay back at maturity?
2. How much cash interest will Jackson Corporation pay each six months?
3. How much interest expense will Jackson Corporation report on June 30, 2016, and on December 31, 2016? Does the amount of interest expense increase or decrease each period? Why?

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