12A. On December 31, 2016, when the market interest rate is 14%, Brayden Corporation insut $240,000 of 12%, 10 year bonds payable. The bonds pay inbrot semiannual Determine the pot value of the bonds at issuance (Click the foon to view Present Value of 5) Click the foon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of $1 table) Click the icon to view Future Value of Ordinary Annuity of 51 tubin) Start by calculating the prosent value of the principat (inter factor amounts to three decimal places. XXXX) Value PV of principal Factor Now Galolate the present value of the stated interest (Enter factor amount to the decimal place XXXX) Semiannual interest PV of stated Value Factor interest Finally, calculate the present value of bonds payable PV of principal - PV of stated interest - PV of bonda payable