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Determine the bond issue proceeds for each of the following bonds payable. All bonds are issued on January 1, 2023. (Click the icon to view
Determine the bond issue proceeds for each of the following bonds payable. All bonds are issued on January 1, 2023. (Click the icon to view the bonds payable.) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) Requirement a. Suppa Corporation issued bonds in the amount of $30,000 that will be paid in three years. Interest of $3,600 is payable annually each December 31 with the first interest payment at the en of the year on December 31,2023 . If the market rate of interest is 8%, what is the amount of the bond issue proceeds? (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round intermediary currency computations and your final answer to the nearest cent, \$X.XX.) Future Value of $1
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