On December 31, 2018, Suzuki Company issued $1,850,000 of 5% bonds. The market interest rate at the time of issuance was 3%. The bonds pay interest on June 30 and December 31 and mature in 15 years. Required: Compute the selling price of the bonds on December 31, 2018. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: $ X 5