ssionLocatorasignment-takedonprogressfalbe elook Calculator Print tem Compute Bond Proceeds, Amortizing Dlscount by Interest Method, and trterest Expenser Boyd Co. produces and sells aviation equlpment, On the first day of its fscal year, Bovd Co, isued $0,000.000 of ve-vear, 9% bonds at a market (effective) interest rate of 12% wh interest pavable semiannualy Compute the ollowing a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Ehibtand Eshibit 10 Round to the nearet dollay, 365,000 X b. The amount of discount to be amortired for the first semiannual interest payment period, uing the interest methad Round to the nearet dollar 670,049 X c. The amount of discount to be amortized for the second semiannual interest payment period, uing the interest method Round to the nearet dor 710.252 d. The amount of the bond interest expense for the first vear, Round to the nearest dollar 4,270,049 x o y We Remember, the selling price of a bond is the sum of the present values of the face amopunit of the bonds due at the maturity date and the periodic interest to be paid on the bonds The market rate of interest is used to compute the present value of both the face amount and the periodic interest As the discount or premium is amortized, the carrying amount of the bond changes. As a result, interest expense atse changes each period Prev b Svand atS Check Hy Work Al work saved Logof Pause DELL