On January 1 , Year 1 , Jones Company issued bonds with a $290,000 face value, a stated rate of interest of 7.0%, and a 5 -year term to maturity. The bonds were issued at 98 . Interest is payable in cash on December 31 st of each year. The company amortizes bond discounts and premiums using the straight-line method. What is the total amount of liabilities shown on Jones' balance sheet at December 31 , Year 2 ? Multiple Choice $285,360 $284,200 $281,880 $286,520