On January 1, 2010, Danville Corp. sold a $300,000, ten-year, 12% bond was into a 14% yield. The bond was dated January 1, 2010, and interest is paid each December 31st. Present value data follow. 6% 7% 12% 14% PV of $1 10 periods 20 periods 0.5584 0.3118 0.5083 0.2584 0.322 0.1037 0.2697 0.0728 PV of Annuity 10 periods 20 periods 7.360 11.470 7.024 10.594 5.650 7.469 5.216 6.623 Required: a. The cash Danville Corp. received for the bond was $ e will be for b. The Discount on Bond Payable Premium on Bond Payable