On July $1,2022,$ Garden Works, Incorporated issued $$302,300$ of ten$-$year, $7\%$ bonds for $$307,900.$ The bonds were dated July $1,2022,$ and semi$-$annual interest will be paid each December $31$ and June $30.$ Garden Works Incorporated uses the straight$-$line method of amortization.

What is the net amount of the bond liability to be reported on the December $31,2023$ balance sheet?

Multiple Choice

$$307,340.$

$$307,900.$

$$307,060.$

$$302,300.$