Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments on the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 The straight-line method is used to allocate interest expense 1. Using the implied selling price of 87 1%, 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? rine Total Bond Interest Expense Over Lite of Bonds: Amount rapaid payments of Par value at maturity Total repayments Less amount borowed (from part 1) Total bond interest expense 3. What is the amount of bond interest expense recorded on the first interest payment date