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Sleep Well, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2024, when the market interest rate is 18%, the company issues $500,000 of the bonds. The bonds pay interest semiannually (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) Upon issuance of the bonds payable, the company received Soothing, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2024, when the market interest rate is 12%, the company issues $400,000 of the bonds. The bonds pay interest semiannually (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 31 Upon issuance of the bonds payable, the company received