Concord Corporation issued 8%, 8-year, $2,610,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate of interest for such bonds on April 1, 2022, is 10%. Click here to view the factor table 1. Table 2 Table 3 Table 4 What cash proceeds did Concord receive from issuance of the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $

Concord Corporation issued 8\%,8-year, \$2,610,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1 . 2022, and are issued on that date. The discount rate of interest for such bonds on April 1, 2022, is 10\%. Click here to view the factor table 1. Table 2 Table 3 Table 4 What cash proceeds did Concord receive from issuance of the bonds? (For calculation purposes, use 5 decimal ploces as displayed in the factor table provided, es. 5.24571. Round answer to O decimal places, es. 125. Cash proceeds from issuance of the bonds $