On January $1,$ Greene Inc. issued $$5,000,000,9\%$ bonds for $$4,685,000.$ The market rate of interest for these bonds is $10\%.$ Interest is payable annually on December $31.$ Greene uses the effective$-$interest method of amortizing bond discount. At the end of the first year, Greene should report unamortized bond discount of

Group of answer choices

$$283,500.$

$$296,500.$

$$286,650.$

$$255,650.$