5. Midland Brands issues three-year bonds dated January 1, 2015 with a face value of $5,000,000. The market interest rate on bonds of comparable risk and term is 3%. If the bonds pay 2.5% annually on December 31 , bonds payable when issued are most likely reported as closest to: A. $4,929,285. B. $5,000,000 C. $5,071,401