OS 10-9 (Algo) Straight-Line: Discount bond computations LO P2 Enviro Company issues 8%,10-year bonds with a par vollue of $220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 8712 . 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 final answer to the nearest whole dollar amount. Cash proceeds QS 10-9 (Algo) Straight-Line: Discount bond computations LO P2 Enviro Company issues 8%,10-year bonds with a par vallue of $220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87V. 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? Note: Round final answers to the nearest whole dollar amount. Show less A QS 10-9 (Algo) Straight-Line: Discount bond computations LO P2 Enviro Company issues 8%,10-year bonds with a par voflue of $220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 8712 . 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 final answer to the nearest whole dollar amount. Band interest expense