On January 1, 2020, Swifty Corporation issued eight-year bonds with a face value of $6200000 and a stated interest rate of 8%, payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are:

	Present value of 1 for 8 periods at 8%		0.540
	Present value of 1 for 8 periods at 10%		0.467
	Present value of 1 for 16 periods at 4%		0.534
	Present value of 1 for 16 periods at 5%		0.458
	Present value of annuity for 8 periods at 8%		5.747
	Present value of annuity for 8 periods at 10%		5.335
	Present value of annuity for 16 periods at 4%		11.652
	Present value of annuity for 16 periods at 5%		10.838

The issue price of the bonds is

$5527424.

$6198512.

$5577024.

$5541560.