Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $720,000 of 6-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019. Required: Determine the proceeds that the company will receive if it sells the following: (Click here to access the tables to use with this exercise and round your answers to two decimal places, if necessary.) 1. The bonds to yield 12% $fill in the blank 1 689,818.46 2. The bonds to yield 10% $fill in the blank 2 702,070.31