During year 1 Cain Corporation incurred the following costs in connection with the issuance of bonds: Printing and engraving $15,000 Legal fees 80,000 Fees paid to independent accountants for registration information 10,000 Commissions paid to underwriter 150,000 What amount should be recorded as a reduction to the issue amount of the bond payable? O $255,000 O $15,000 O $245,000 O $150,000