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Crane Enterprises issued 10x, 6 year, $2,770,000 bonds that pay interest annually on April 1 . The bonds are dated April 1,2022, and are issued

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Crane Enterprises issued 10x, 6 year, $2,770,000 bonds that pay interest annually on April 1 . The bonds are dated April 1,2022, and are issued on that date. The discount rate for such bonds on April 1,2022 , is 12%. Click here to view the factor table. (For calculation purposes use 5 decimal ploces as displayed in the foctor table provided) What cash proceeds did Crane receive from issuance of the bonds? (Round answer to 0 decimal ploces, es 125.) Cash proceeds from issuance of the bonds

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