On January 1, Swifty Corporation issued $4100000, 9% bonds for $3795000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Swifty uses the effective-interest method of amortizing bond discount. At the end of the first year, Swifty should report unamortized bond discount of Entry field with incorrect answer

$294500.

$267050.

$264000.

$283500.