On January 1 of Year 1, Congo Express Airways issued $3,100,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2.830.000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $9,000 every six months. After accruing interest at year end, the company's December 31, Year 1 balance sheet should reflect total liabilities associated with the bond issue in the amount of Multiple Choice $2.848.000 $2739.500 $1460500 $1352006 $296.300 >