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Compute bond proceeds, amortizing discount by interest method, and interest expense

Boyd Co$.$ produces and sells aviation equipment. On the first day of its fiscal year, Boyd issued $$80,000,000$ of $5-$year, $9\%$ bonds at a market $($effective$)$ interest rate of $12\%,$ with interest payable semiannually. Compute the following, presenting figures used in your computations:

a$.$ The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit $5$ and Exhibit $7.$ Round to the nearest dollar.

b$.$ The amount of discount to be amortized for the first semiannual interest payment period, using the interest method. Round to the nearest dollar.

c$.$ The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round to the nearest dollar.

d$.$ The amount of the bond interest expense for the first year. Round to the nearest dollar.

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