Chapter 10 Hw 13%, Five. 10.00 points a par value of $380,000and semiannual interest payments. On the issue date, the annual market rate for these bonds is 5.00%, which implies a selling price of 123 3/8. The straight-ine method is used to allocate interest expense. 1.Using te implied seling price of 123 3e, what ae the issuers cash proceeds tromssuance of these bonds? 2. What totail amount of bond interest expense will be recognized over the life of these bonds? Amount repaid Par value at maturity Less amount borrowed Total boind inberest expense 3. What is the amount of bond interest expense recorded on the first interest payment date