Spiller Corp. plans to issue 12%, 7-year, $470,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 10% on the date of issue, what will be the total cash proceeds from the bond issue?

Table Values are Based on: n= 14 i= 5% Cash Flow Table Value Amount Present Value Present (maturity) value Interest (annuity) Total cash proceeds