Hi,

i need help understanding this problem, would you be able to explain it to me please

Homework: 5-1 MyAccountingLab Homework: Chapters 11 and 12 Score: 0 of 32 pts 4 ' 2 of 2 (1 complete) 7 } HW Score: 42.75%, 27.79 of 65 pts P12B-37A (similar to) 1 Sleep Well, Inc. is authorized to issue 5%, 10-year bonds payable. On January 1, 2016, when the market interest rate is 10%, the company issues $100,000 of the bonds. The bonds pay interest semiannually. 5 (Click the icon to view the Present Value of $1 table.) a (Click the icon to view the Present Value of Annuity of $1 table.) 3 (Click the icon to view the Future Value of $1 table.) 3 (Click the icon to view the Future Value of Annuity of $1 table.) 55 Question Hel?' a Read the muirements. Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) Upon issuance of the bonds payable, the company received $[:|.