Kelly Industries issued 11% bonds, dated January 1 , with a face value of $120,000 on January 1,2021 . The bonds mature in 2031 (10 years). Interest is paid semiannually on June 30 and December 31 . For bonds of similar risk and maturity the market yield is 12%. What was the issue price of the bonds? FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) Multiple Choice $75,701. $81,131. $117,963. $113,117