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please show steps. thank you. Smith Company issues $2,500,000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually

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Smith Company issues $2,500,000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 8%. What are the proceeds from the bond issue? $2.713255 $2.297.228 $2,608.470 $2.500.000

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