4 5 6 7 Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued $35,000,000 of 5-year, 12% bonds at a market (effective) interest rate of 12%, with interest payable semiannually. Compute the following, presenting figures used in your computations: B 9 0 a The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit 5 and Exhibit 7 or our Excel template. Round to the nearest dollar. 1 b The amount of the bond interest expense for the first year. Round to the nearest dollar. 2