On January 1, Year1, a firm issues a $10 million bond with a 8% coupon rate, 4-year maturity, and annual interest payments on every December 31. Market interest rates are 5%. Compared to January 1, Year1, what is the change in the balance of bond liabilities on January 1, Year 2? A. No change B. A decrease of $246811. C. A decrease of $33243. D. An increase of $33243. E. An increase of $246811.