On July 1, 2021, King Company issued 4,000 of its 10%,$1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did King receive from the bond issuance? $4,000,000$4,060,000$3,860,000$3,960,000