Question3: BEE.16 (LO 2) Gleason Enterprises issued 6%, 8-year, $2,500,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 8%. What cash proceeds did Gleason receive from issuance of the bonds? Compute the present value of bonds. Gleason Enterprises has an annual accounting period ending on 31 December 2020. Prepare the AJE required on that date