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Sheridan Company issues $19600000 of 10-year, 9% bonds on March 1, 2024 at 97 plus accrued interest. The bonds are dated January 1, 2024,

Sheridan Company issues $19600000 of 10-year, 9% bonds on March 1, 2024 at 97 plus accrued interest. The bonds are dated January 1, 2024, and pay interest on June 30 and December 31. What amount of cash is received on the issue date? $19012000 $19306000 $18718000 O $20041000

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