Gordon Corporation issued $$800,000$ par value, $2\%,5-$year bonds on January $1,2023.$ The bonds mature on December $31,2027$ and pay semi$-$annual interest. The market rate on the date of issue is $4\%.$ Gordon has elected to use the straight$-$line method for discount amortization. What is the discount on bonds payable on the date of issue?

Group of answer choices

$$75,770$

$$63,861$

$$129,774$

$$71,861$