The Linus Blanket Company issued 400 bonds at a value of $500 per bond to finance the start-up of their new line of designer blue blankets. The underwriting commission was 8%. They also paid accounting fees of $2,000, legal fees of $1,598, printing costs of $0,012 per bond issued. and other expenses of $378. What arc the net proceeds from Linus Blanket Company's bond issue