On January $1,2020,$ Neeson Ltd$.$ issued $ $2,000,000,5\%$ bonds, which mature on January $1,2027.$ The bonds were issued for $ $2,120,045$ to yield $4\%.$ Neeson uses the effective$-$interest method of amortizing bond premium. Interest is payable annually on December $31.$ At December $31,2020,$ the adjusted balance $($the carrying value$)$ in the Bonds Payable account should be: