Solution-How much total cash will the company pay investors

How much total cash will the company pay investors

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PART D: Interpreting a Bond Interest Amortization Table
Devin Company computes the following bond interest amortization table for bonds issued on January 1, 2020. Use the information on this table to answer the questions below.

Interest Payment Date	Cash Payment Amount	Interest Expense	Decrease in Discount	Discount	Book Value
June 30, 2020	$160,000	$223,153	$63,153	$498,423	$7,501,577
Dec 31, 2020	$160,000	$225,047	$65,047	$433,375	$7,566,625
June 30, 2021	$160,000	$226,999	$66,999	$366,377	$7,633,623
Dec 31, 2021	$160,000	$229,009	$69,009	$297,368	$7,702,632
June 30, 2022	$160,000	$231,079	$71,079	$226,289	$7,773,711
Dec 31, 2022	$160,000	$233,211	$73,211	$153,078	$7,846,922
June 30, 2023	$160,000	$235,408	$75,408	$77,670	$7,922,330
Dec 31, 2023	$160,000	$237,670	$77,670	$0	$8,000,000

Question 1: When the bonds mature on December 31, 2023, how much principle will the company pay to investors?

Question 2: How much total cash will the company pay investors for interest in 2022

Question 3: How much total "interest expense" will the company report on its income statement in 2022?

Question 4: What value is shown for "bonds payable, net" on the company's december 31, 2022 balance sheet?

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How much total cash will the company pay investors

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