ecra assignments&takeAssignmentSession Locator= assignment-take&inprogress-false EK PICNIC 20 ONYX 2012: The T STARS ETR.pdf L. STARS MGT.pdfArea V Requirements section 3-B Compute Bond Proceeds, Amortizing Discount by Interest Method, and Interest Expense duces and sells aviation equipment. On the first day of its fiscal year, Boyd issued s 80,000,000 of five-year 9% bonds at a market (effective) interest rate of 12%, with payable semiannually. Compute the following, prese nting figures used in your computations: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit 5 and Exhibit 7. Round to the nearest dollar 26,496,324X b. The amount of discount to be amortized for the first semiannual interest payment period, using the interest method. Round to the nearest dallar 670,0571 c. The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round to the nearest dollar 72,547,830 X d. The amount of the bond interest expense for the first year. Round to the nearest dolla 4,270,057 X bonds