Enviro Company issues 8%, 10-year bonds with a par value of S250.000 and seminnual interest naymens On me ssu date, he annual market ate for thesebonds is- which implies a selling price of 123% The straightiin method is used to allocate interest expense 1. Using the implied selling price of 123 %, what are the issuer's cash proceeds from issuance of these bonds 2. What total amount of bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid payments of Par vake at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense 3. What is the amount of bond interest expense recorded on the first interest payment date