12A. On December 31, 2018, when the market interest rate is 18%, 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 view Prosent 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 $1 table.) Start by calculating the present value of the principal. (Enter factor amounts to three decimal places, XXXX) Value X Factor PV of principal 180000 Now calculate the present value of the stated interest. (Entor factor amounts to three decimal places, XXXX) Value X Semiannual interest rate ) Factor PV of stated interest Finally, calculate the present value of bonds payable PV of principal + PV of stated interest PV of bonds payablo