On December $31,$ Sherwood Corp. issued ten thousand of its $5\%,$ $$1,000$ bonds at $99.$ On December $31($i$.$e$.,$ the date of issuance$),$ Sherwood should report the net bond liability on its balance sheet as

$$9,860,000$

$$9,900,000$

$$10,000,000$

$$10,040,000$