Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. Cash Proceeds Discount or Premium a. Pear, Inc. issued $400,000 of 10-year, 8 percent bonds at 103. b. Apple, Inc. issued $200,000 of five-year, 12 percent bonds at 97 1/2. c. Cherry Co. issued $100,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $120,000 of four-year, 8 percent bonds at 96