Questions 17 to 22 relate to the following information: Ferry Inc issued a $250,000 bond on March 1, 2020. The bond has a stated interest rate of 10%, matures on March 1, 2023 and pays interest on S 1 and March 1 of every year. The market interest rate was 12% when the bond was issued. Ferry Inc has a December 31 year end and uses the eff interest method to amortize bond discount or premium, and uses a discount or premium account. Present value factors for selected periods and interest rates are shown below. Periods 3 6 5% 0,8638 0.7462 Present Value of $1 Present Value of Ordinary Annuity of S1 6% 10% 12% 5% 10% 12% 0.8396 0.7513 0.7118 2.7232 2.6730 2.4869 2.4018 0.7050 0.5645 0.5066 5.0757 4.9173 4.3553 4.1114 The amount of cash received for the bond issue on March 1, 2020 is equal to: Select one: O a $250,000 Ob $237,716 c $61,468 Od $262.686 ate of 10%, matures on March 1, 2023 and pays interest on September ssued. Ferry Inc has a December 31 year end and uses the effective um account. Value of Ordinary Annuity of $1 5% 6% 10% 12% 2.7232 2.6730 2.4869 2.4018 5.0757 4.9173 4.3553 4.1114