On 1 January 20X3, Ouyang Inc. issues $1,000,000 face value, 10-year bonds with annual interest rate of 5% to be paid each 31 December. The market interest rate is 4%. Using the effective interest rate method of amortization, Ouyang Inc. should record when it closes its annual book on Dec 31, 20X3 (Round your number to integers):

Group of answer choices

a carrying amount of 1,081,109 on Dec 31, 2013;

an interest expense of 42,974 on Dec 31, 2013;

a cash disbursement of 43,244 on Dec 31, 2013;

a carrying amount of 1,074,353 on Dec 31, 2013;

an amortization of discount.