Use the following to answer questions 31-32:

On January 1, 2020, Yellow Co. issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are:

Present value of 1 for 8 periods at 6%	.627
Present value of 1 for 8 periods at 8%	.540
Present value of 1 for 16 periods at 3%	.623
Present value of 1 for 16 periods at 4%	.534
Present value of annuity for 8 periods at 6%	6.210
Present value of annuity for 8 periods at 8%	5.747
Present value of annuity for 16 periods at 3%	12.561
Present value of annuity for 16 periods at 4%	11.652

31.	The present value of the principal is
	A)	$3,204,000.
	B)	$3,240,000.
	C)	$3,738,000.
	D)	$3,762,000.

32.	The present value of the interest is
	A)	$2,068,920.
	B)	$2,097,360.
	C)	$2,235,600.
	D)	$2,260,980.