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Joffrey Ballet Corp. sold $3,000,000, 10%, 10-year bonds on January 1, 2002. The bonds were dated January 1 and pay interest July 1 and January 1. Joffrey Ballet Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104. What amount of cash was received on January 1? Note the same data will be used for the next four questions. $3,000,000 $2,880,000 $3,150,000 $3,120,000