Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a Pear, Inc. issued $209,000 of 10-year, 8 percent bonds at 102 b. Apple, Inc. issued $100,000 of five year, 12 percent bonds at 98. Cherry Co issued $170,000 of five you, 6 percent bonds at 102 1/4 d. Grape, Inc. issued $68,000 of four year, 8 percent bonds at 98 On January 1, Year 1, Young Company issued bonds with a face value of $124.000, a stated rate of interest of 17 percent, and a 10-year term to maturity. Interest is payable in cash on December 31 of each year . The effective rate of interest was 16 percent at the time the bonds were issued. The bonds sold for $129,993. Young used the effective interest rate method to amortize the bond premium. Required a. Determine the amount of the premium on the day of issue. b. Determine the amount of interest expense recognized on December 31, Year 1. (Round your answer to the nearest dollar amount.) c. Determine the carrying value of the bond liability on December 31, Year 1. (Round your answer to the nearest dollar amount.) Premium on the day of issue b. Interest expense on December 31 Year 1 C. Carrying value on December 31, Year! On January 1, Year 1, Hart Company issued bonds with a face value of $129,000, a stated rate of interest of 13 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 12 percent at the time the bonds were issued. The bonds sold for $133,650. Hart used the effective interest rate method to amortize the bond premium (Round your intermediate calculations and final answers to the nearest whole number.) Required a. Prepare an amortization table. Date Cash Payment Interest Expense Premium Amortization Carrying Value 133,650 132,918 16,770 16,038 732 January 1 Year 1 December 31. Year 1 December 31 Year 2 December 31, Year 3 December 31, Year 4 December 31 Year 5 Totals