On January $1,$ Year $1,$ XYZ Corporation issued $$200,000$ of $8\%,5-$year bonds when the market rate of interest was $6\%.$ The bonds were issued for $$216,849$ interest will be paid annually on December $31.$ What is the carrying value of Bonds Payable $($including the premium$)$ on the December $31,$ Year $1$ balance sheet using the effective$-$interest method?

$$200,000$

$$203,838$

$$213,860$

$$202,989$