Exercise $7-17$A $($Algo$)$ Determining cash receipts from bond issues LO $7-8,7-9$

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.

Note: Do not round intermediate calculations. Round your answers to nearest dollar amount.

$\backslash$table$[[,$Cash Proceeds,Discount or Premium$],[$a$.$ Pear, Incorporated issued $$150,000$ of $10-$year, $8$ percent bonds at $102.,,$Premium$],[$b$.$ Apple, Incorporated issued $$140,000$ of five$-$year, $12$ percent bonds at $97.,,$Discount$],[$c$.$ Cherry Company issued $$134,000$ of five$-$year, $6$ percent bonds at $1011/4.,,$Premium$],[$d$.$ Grape, Incorporated issued $$61,000$ of four$-$year, $8$ percent bonds at $97.,,$Discount$]]$