Part B. Blacklands, Inc. issued one bond with a $100 face value for $95 cash on January 1, 2012. The bond had a five-year life and carried a stated interest rate of 6%. The market rate of interest on January 1, 2012 was 8%. Blacklands will pay cash for interest on the borrowed funds each December 31. Required: Fill in the correct amounts for each of the following: 1. The cash received by Blacklands on January 1, 2012 was 35 2. The amount of the bond discount on January 1, 2012 was $ 3. The cash paid for interest on December 31, 2012 was 55 4. The amount of interest expense incurred in 2012 was $ 5. The book (carrying or net) value of the bond payable liability on December 31, 2012 was 55