Bandit Corporation has $10,000,000 of 8.0% 25 year bonds dated July 1, 2018 with interest payable on June 30 and December 31. The corporations fiscal year ends on December 31, and it uses the straight line method to amortize bond premiums and discounts. Assume the bonds are issued at 98.5 on July 1, 2018 Show your work and computations. How much cash will be received on the sale? How much is recorded as Bond Payable at the time of the sale? What is the difference between #1 and #2 referred to and what