Harry Grytfindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculptufe shop located in Hogwarts Station, MD. At the beginning of 209, Harry issues $220,000 of 8%,10-year bonds On January 1,209, the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 v2 Harry pays interest on the bonds semi-annually. Harry uses the straight-line method to allocate interest expense. 1. What are the Harty's cash proceeds from issuance of these bonds, presuming that the selling price is 8711 ? 2. How much bond interest expense will be recognized over the life of these bonds? 3. How much bond interest expense will Harry record on the first interest payment date? Complete this question by entering your answers in the tabs below. How much bond interest expetise will be recognized over the life of these bonds