Use the following Information to Answer the Questions Below 1 On January 1-ST. Our Business issued 50.000 Bonds at 88,50%. 2. Each Bond had a Face Value of $1.000 with a Maturity Date 20 years from Now. 3. The Bond Face Rate is 4.40% Paid Annually. QUESTIONS. Enter your Answers as a NUMBER ONLY. NO Commas. Decimals, or Dollar signs. Show any Negative Number with a - or in Parens as follows. -200 or (200) 1. Compute the Total Cash Proceeds Received by OUR Business on the Date the Bonds were Issued. - 2. Compute the Amount Shown as Bonds Payable on the Balance Sheet after the Bonds are issued 3. Compute the Amount Shown as Bonds Payable on the Balance Sheet at the End of the 10th Year 4. Compute the Amount of Interest Paid Each Year on ONE Bond 5. Compute the TOTAL Amount of Interest Paid Each Year on All BONDS = 6. Compute the TOTAL Amount of Interest Paid Over the entire life of the Bonds 7. Is this a Premium, Discount, or Par Value Bond? - Enter your Answer in All CAPS with ONE of the following: PREMIUM or DISCOUNT or PAR or NONE - 8. Which Interest Rate is Larger on the Date the Bonds were issued 2. Enter your Answer in ALL CAPS with ONE of the following: BOND or MARKET or SAME 9. How Do you know the Answer to the Question above? - Enter your Answer in ALL CAPS No Spaces with ONE of the following: PREMIUM or DISCOUNT or PAR or ISSUE>FACE or ISSUE FACE or NONE