On January 1, 20X1, Mira Corporation issues $100,000 of 8-year bonds, paying 5% (contractual rate) interest semiannually on June 30 and December 31. The market rate of interest on the date of sale is 3%. The entry to record the sale of the bonds on the date of issue is:

a. Cash 102,690

Bonds Payable . 102,690

b. Cash 114,131

Bonds Payable . 114,131

c. Cash 100,000

Bonds Payable . 100,000

d. Cash 111,441

Bonds Payable . 111,441

e. Cash 113,901

Bonds Payable . 113,901