Compute Bond Proceeds, Amortizing Discount by Interest Method, and Interest Expense Boyd Co. produces and sells aviation equipment. On the first day of its fiscal year, Boyd Co. Issued $10,000,000 of four-year, 10% bonds at a mafket (effective) interest rate of 12%, with interest payable semiannualy. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit 8 and Exhibit 10. Round to the nearest dollar. b. The-amount of discount to be amortized for the first semiannual interest payment period, using the interest methed. Round to the nearest doliar. c. The amount of aiscount to be amortited for the second semiannuat interest payment period, using the interest method. Round to the nearest doliar. d. The amount of the bond irterest expense for the firs veac. Mound to the nearest dollar. Compute Bond Proceeds, Amortizing Discount by Interest Method, and Interest Expense Boyd Co. produces and sells aviation equipment. On the first day of its fiscal year, Boyd Co. Issued $10,000,000 of four-year, 10% bonds at a mafket (effective) interest rate of 12%, with interest payable semiannualy. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit 8 and Exhibit 10. Round to the nearest dollar. b. The-amount of discount to be amortized for the first semiannual interest payment period, using the interest methed. Round to the nearest doliar. c. The amount of aiscount to be amortited for the second semiannuat interest payment period, using the interest method. Round to the nearest doliar. d. The amount of the bond irterest expense for the firs veac. Mound to the nearest dollar