Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $830,000 of 5 -year bonds dated June 30 , 2016 , with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2016. 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.) \begin{tabular}{lll} 1. The bonds to yield 12% & $ & X \\ 2. The bonds to yield 10% & $ & X \end{tabular}