On September $1,2024,$ Sam's Shoe Company issued $$370,000$ of $8\%$ bonds. The bonds pay interest semiannually on January $1$ and July $1$ of each year. The bonds

were sold at the face amount. How much cash did Sam's receive upon sale of the bonds?

Note: Do not round intermediate calculations and round your final answer to nearest whole dollar.

Multiple Choice

$$374,933$

$$399,600$

$$384,800$

$$370,000$On September $1,2024,$ Sam's Shoe Company issued $$370,000$ of $8\%$ bonds. The bonds pay interest semiannually on January $1$ and July $1$ of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sale of the bonds?

Note: Do not round intermediate calculations and round your final answer to nearest whole dollar.