Question B BEE.16 (LO 2) Gleason Enterprises issued 6%, 8-year, $2,500,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 8%. What cash proceeds did Gleason receive from issuance of the bonds? Compute the present value of bonds. b) Assume the business redeems the bonds at maturity. How much interest expense will be recognised over the life of the bonds