Coronado Industries issues a $8\%,5-$year mortgage note on January $1,2022,$ to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $$46,900.$

Click here to view the factor table $1.$

Table $2$

Table $3$

Table $4$

What are the cash proceeds received from the issuance of the note? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided, e$.$g$.5\mathrm{.}24571.$ Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Coronado Industries should receive

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