OS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 Enviro Company issues 11.00%,10-year bonds with a pr value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124.875 . The straight-line method is used to allocate interest expense. 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? 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. What are the issuer's cash proceeds from issuance of these bonds? Note: Round your final answer to nearest whole dollar amount. Cash proceeds OS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 Envira Company issues 11.00%,10-year bonds with a pr value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124.875. The straight-line method is used to allocate interest expense. 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? 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. 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: QS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 Enviro Company issues 11.00%,10-year bonds with a pair value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124.875 . The straight-line method is used to allocate interest expense. 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? 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. What is the amount of bond interest expense recorded on the first interest payment date? Note: Round your final answer to nearest whole dollar amount. Bond interost expense