Cullumber Enterprises issued 10\%, 8-year, $2,750,000 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 places as displayed in the factor table provided.) What cash proceeds did Cullumber receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $ Cullumber Enterprises issued 10\%, 8-year, $2,750,000 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 places as displayed in the factor table provided.) What cash proceeds did Cullumber receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $