Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Do not round intermediate calculations. Round your answers to nearest dollar amount.)

Cash Proceeds Discount or Premium a. b. Pear, Inc. issued $232,000 of 10-year, 8 percent bonds at 102. Apple, Inc. issued $105,000 of five-year, 12 percent bonds at 97. Cherry Co. issued $194,000 of five-year, 6 percent bonds at 101 1/4. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 98. c. d