[REQUIRED] Chapter 11 Homework eBook Show Me How Office 365 Calculator 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 $87,000,000 of five year, 8% bonds at a market (effective interest rate of 12%, with interest payable semiannually. This information has been collected in the Microsoft Excel Online file Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Compute the following: a. The amount of cash proceeds from the sale of the bonds. Round your answer to the nearest dollar $ b. The amount of discount to be amortized for the first semiannual interest payment period, using the interest method. Round your answer to the nearest dollar c. The amount of discount to be amortized for the second semiannual interest payment period, using the interest method. Round your answer to the nearest dollar $ d. The amount of the bond interest expense for the first year. Round your answer to the nearest dollar $ Paste LD Format Painter Clipboard BI U Deb A. JUI HI $ - %8-68 Conditional Form Formatting -as Tab Tables ado Font Alignment Number 3 B D Compute bond proceeds, amortizing discount by interest method, and interest expense DATA Face amount of bonds $87,000,000 Contract rate of interest 8% Term of bonds, years 5 Market rate of interest 12% Interest payment Semiannual using formulas ana cell references, perform the required analysis, and input your answers into the amount column. Transfer the numeric results for the green entry cells (C13:C16) into the appropriate fields in CNOWV2 for aradina Amount Formulas a. PV of cash proceeds b. Discount amortized for the 1st interest payment period c. Discount amortized for the 2nd interest payment period d. Interest expense for the 1st year Data culation Mode: Automatic Workbook Statistics