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What total cash received from sale of bonds is

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On January 1, 2020, BTS Corporation purchased bonds with a face value of P3,000,000 for P3,244,762. The bonds are due on December 31, 2025, classified as amortized cost and will yield a 13% interest rate. Interest is receivable semiannually on June 30 and December 31. On June 30, 2020, BTS bond's carrying value was P3,230,672. On May 31, 2022, the bonds were sold at 103 plus accrued interest.

Problem 1: Total cash received from sale of bonds is?

Reference no: EM133001612

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