Enviro Company issues 13.50%, 10-year bonds with a per vlaue of $400,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.50%, which implies a selling price of 129 3/8. The straight-line method is used to alocate interest expense. 1. Using the implied selling price of 129 3/8, what are the issue's cash proceeds from issurance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds