On January 1, 2021, Sullivan Corporation sold bonds dated January 1, 2021. The stated rate is 5.5%. The annual rate the market charged was 4.5%. Sullivan used this as the effective interest rate and applied the effective interest method to account for these bonds. The journal entry Sullivan recorded on June 30, 2021 to recognize making the first interest payment on these bonds included a credit to Cash for $2,750 and a debit to Premium on Bonds Payable for $320.41. Over the life of the bonds, they expected to make 19 more periodic interest payments. The last interest payment and the maturity payment will be made on December 31, 2030. QUESTION: What were the proceeds Sullivan received from initially selling these bonds on January 1, 2021 (round your answer to the nearest dollar)? Group of answer choices None of the other choices shown are correct. 53,991 75,941 115,001 107,982 122,222