Seved Help Save & Exit Submit Check my work 5 5 points Enviro Company issues 10.00%, 10-year bonds with a par value of $290,000 and semiannual Interest payments. On the issue date, the annual market rate for these bonds is 7.00%, which Implies a seling price of 124.375. The straight-line method is used to allocate Interest expense. 1. Using the implied selling price of 124.375. what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond Interest expense recorded on the first interest payment date? Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Hint Using the implied selling price of 124.375. what are the issuer's cash proceeds from issuance of these bonds? Cash proceeds Print Required 2 ) References Next