eBook 3 Read Compute Bond Proceeds, Amortising Premium by Interest Method, and Interest Expense Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware Co. Issued $30,000,000 of three-year, 13% bonds at a market (effective) Interest rate of 31, 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 Exhibit 8 and Exhibit 10. Round to the nearest dollar 32,261,279 b. The amount of premium to be amortized for the stomacal Interest payment period, using the interest method. Round to the Dearest dollar 175,630 c. The amount of premium to be amortized for the second semiannual trest payment period, using the interest method. Round to the nearest dollar 185,289 d. The amount of the bond interest expense for the first year Round to the nearest dollar 3,539,081