12A. On December 31, 2018, when the market interest rate is 16%, Derrick Corporation issues $180,000 of 10% 6-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance Click the icon to view Present Value of $1 table.) Click the icon to viow Present Value of Ordinary Annuity of S1 table.) Click the icon to view Future Value of S1 table) Click the icon to view Future Value of Ordinary Annuity of $1 table) Start by calculating the present value of the principal. (Enter factor amounts to three decimal places, XXX.) Value X Factor PV of principal 180000 0 410 73800 Now calculate the present value of the stated interest. (Enter factor amounts to three decimal places, XXX) Value X Samiannual interest rate ) X Factor PV of stated interest 160000 5% 3x3 Finally, calculate the present value of bonds payable. PV of principal PV of stated interest - 73800 . 7 PV of bonds payable Enter the d eath the