Brief Exercise A-16 Your answer is incorrect. Try again. Gleason Enterprises issued 12%, 10-year, $2,740,000 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 14%. 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.) 78,862,420 Cash proceeds from issuance of the bonds Click if you would like to Show Work for this question: Open Show Work