Lewis Co. produces and sells aviation equipment. On the first day of its fiscal year, Lewis Co. issued $90,000,000 of three-year, 11% bonds at a market (effective) interest rate of 13%, with interest payable semiannually. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit 8 and Exhibit 10. Round to the nearest dollar. X b. The amount of discount to be amortized for the first semiannual interest payment period, using the interest method. Round to the nearest dollar. X c. The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round to the nearest dollar. X d. The amount of the bond interest expense for the first year. Round to the nearest dollar. X Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10. Note: Round to the nearest dollar. Present Value of $1 at Compound Interest Present Value of an Annuity of $1 at Compound Interest