Homework: 5-1 MyAccountingLab Homework: Chapters 11 and 12 Score: 0 of 32 pts P12B-37A (similar to) Tranquility. Inc. s authorized to issue 7%, 10-year bonds payable On January 2016 when te market interest rate is 2 the company issues 60000 i hebonds. The bond 2012 (1 complete) ay interes semiannual (Click the icon to view the Present Value of $1 table Click the icon to view the Present Value of Annuity of $1 table Click the icon to v ew the Future Value of$1 table Click the icon to view the Future Value of Annuity of$1 table) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) Upon issuance of the bonds payable, the company received s