On December 31, 2024, when the market interest rate is 14%. Timmony Realty issues $500,000 of 11.25%,10-year bonds payable. The bonds pay interest semiannualy. Determine the present value of the bonds at issuance. (Round all currency amourts to the nearest whole dollar.) (Cick the ioon to view Present Value of \$1 table.) (Click the icon fo view Present Value of Ordinary Annuty of \$: table) (Click the ican to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) The present value of the bonds at issuance amounts to