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Compute bond proceeds, amortizing discount by interest method, and interest expense 8oyd Co, produces and sels aviation equipment. On the first day of its fiscal

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Compute bond proceeds, amortizing discount by interest method, and interest expense 8oyd Co, produces and sels aviation equipment. On the first day of its fiscal year, Boyd issued $87,000,000 of three-year, 8\%b bonds at a market (effective) interest rate of 10\%, with interest poyable semiannually. This information has been collected in the Microsoft Excel Oniline file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Compute the fallowing: a. The amount of cash proceeds from the sale of the bonds. Round your answer to the nearest dollar. 5 b. The amaunt of descount to be amortized for the first semianinual interest payment period, using the interest method. Round your answer to the nearest doliae. 5 c. The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round your answer to the nearest doliaz, d. The amount of the bond interest expense for the first year. Round your answer to the nearest dollar. 5

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