Compute Band Proceeds, Amortizing Discount by interest Method, and Interest Expense Boyd Co. produces and sells aviation equipment. On the first day of its fiscal year, Boyd Co. Issued $70,000,000 of three year bonds at a market (effective interest rate of 12%, with interest payable semiannually. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibits and chibit Round to the nearest dollar X b. The amount of discount to be amortized for the first semiannual interest payment period, using the interest method, wound to the nearest dollar The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round to the dollar d. The amount of the bond interest expense for the first year. Round to the nearest dollar