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Wildhorse Co. issued 9%, 7-year, $2,508,600 par value bonds that pay interest semiannually on October...

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Accounting

Wildhorse Co. issued 9%, 7-year, $2,508,600 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bond

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