Question $6$

$3\mathrm{.}34$ pts

Crystal Company issued $$100,000$ in bonds payable on January $1,$ Year $1.$ The bonds were issued at face value and carried $5-$year term to maturity. They had a $7\%$ stated rate of interest that was payable in cash on January $1$st of each year beginning January $1,$ Year $2.$ Based on this information, the amount of total liabilities appearing on the December $31,$ Year $1$ balance sheet would be

$$100,000.$

$$7,000.$

$$107,000.$

$$99,300.$