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Crane Company issues a 12%, 3-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the

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Crane Company issues a 12%, 3-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 instatiment payments of $47,300. Click here to view the factor at For calculation purposes, we decimal places a duplayed in the factor table provided) What are the cash proceeds received from the issuance of the note! (Round answer to 2 decimal places, eg, 25.25) Crane Company should receive $

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