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Gleason Enterprises issued 10%, 7-year, $2,730,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1,
Gleason Enterprises issued 10%, 7-year, $2,730,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 12%.
What cash proceeds did Gleason receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.)
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