3. On January 1, 2020 Arawak Inc. issued $2,000,000 of 10-year, 9% bonds for $1,877,103. The bonds were issued whe the market rate of interest was 10%. Interest is payable annually on December 31 each year. Arawak uses the effective-interest method of amortization. At the end of the first year, Arawak would report an unamortized bond discount of: a. $115,187 b. $ 102,897 C. $ 104,126. d. $91,836