On January $1,$ Year $1,$ Jones Company issued bonds with a $$300,000$ face value, a stated rate of linterest of $70\%,$ and a $5$ year term to maturity. The bonds were issued at $97.$ Interest is payable in cash on December $3$ist of each yeak: The conpany amortizes bond discounts and premiums using the straight$-$line method.

What is the total amount of liabilities shown on Jones' balance sheet at December $3$t$,$ Year $2?$

Multiple Choice

$$291,000$

$$287,400$

$$292,800$