The City of Touchstone issued $$1,000,000$ general obligation bonds at $102$ to build a new community center. As part of the bond issue, the city also paid a $$2,500$ underwriter fee and $$4,000$ in debt issue costs. What amount should the City of Touchstone report as other financing sources?

Multiple Choice

$$1,020,000$

$$1,000,016$

$$1,013,500$

$$1,000,000$