Southwest Corporation issued bonds with the following details: Face value: $660,000 Interest: 9 percent per year payable each December 31 Terms: Bonds dated January 1, 2015, due five years from that date The annual accounting period ends December 31. The bonds were issued at 104 on January 1, 2015, when the market interest rate was 8 percent. Assume the company uses straight-line amortization and adjusts for any rounding errors when recording interest expense in th final year. Required: Compute the cash received from the bond issuance in dollar. T P: The issue price typically is quoted at a percentage of face value. Bond Price