John Smith Inc. issued $600,000 of 12 percent, 10-year bonds payable at a price of 112 46 on May 31, 2020. The market interest rate at the date of issuance was 10 percent, and the John Smith Inc. bonds pay interest som annually. The effective interest amortization table for the bond premium is presented here for the first two interest periods (Click the icon to view the effective-interest amortization table.) a How much cash did John Smith Inc. receive upon issuance of the bonds payable? b. Continue the effective interest amortization table for the bond premium for the next two interest payments Record issuance of the bonds on May 31, 2020, and payment of the third semi-annual interest amount and amortization of the bond premium on November 30, 2021 a. How much cash did John Smith Inc. receive upon issuance of the bonds payable? (Round your answer to the nearest whole dollar) John Smith received cash of upon issuance of the bonds payable ec Amortization table < B C E m Sm End of Semi-annual Interest Payment (6% of Interest Period Maturity Value) Interest Expense (5% of Preceding Bond Carrying Amount) Unamortized Premium Amortization (A-B) Premium Account Balance (Previous D Bond Carrying Amount - Current C) ($600,000+ D) May 31, 2020 74,760 $ 674,760 Nov 30, 2020 $ 36,000 $ 33,738 $ 2,262 72,498 672,498) May 31, 2021 36,000 33,625 2,375 70,123 670,123 Print Done mber 3