Requirement a. Shannon Corporation issued bonds in the amount of $60,000 that will be paid in twelve years interest of $6, 600 is payable annually each December 31 with the first interest payment at the end of me year on December 31, 2016. If the market rate of interest is 9% what is the amount of the bond issue proceeds? (Use the present value and future value tables the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places. X XXXXX Round intermediary currency computations and your final answer to the nearest cent $X XX) The bond issue proceeds are % Requirement b. Melborne Corporation issued bonds in the amount of $750,000 that will be paid in 10 years Interest of $22, 500 is payable semiannually each June 30 and December 31 with the first interest payment at the end of the period on June 30, 2016 if the market rate of interest is 8%, what is the amount of the bond issue proceeds? (Use the present value and future value tables the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places., X XXXXX Round intermediary currency computations and your final answer to the nearest cent $X XX) The bond issue proceeds are $