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Brief Exercise A-16 Gleason Enterprises issued 1096, 6-year, $2,570,000 par value bonds that pay interest semiannually on October 1 and April 1, The bonds are
Brief Exercise A-16 Gleason Enterprises issued 1096, 6-year, $2,570,000 par value bonds that pay interest semiannually on October 1 and April 1, The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 12% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Gleason receive from issuance of the bonds? (Round answer to 0 decimal places,e.g. 125.) Cash proceeds from issuance of the bonds s
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