1. Stealth Fitness Center issues 7%, 9-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually.

At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)

2. Discount Computers' accounts receivable increases during the year by $2.6 million.

What is the amount of cash received from customers during the reporting period if its sales are $47.7 million?