On February $15,2023,$ the City of Millersville issued $35-$year $4\%$ general obligation bonds of $$35,000,000$ at $102$ and accrued interest of $$58,000.$ State statutes require bond premium and discounts and accrued interest related to general long$-$term debt to be deposited in a debt service fund within one week of the day the related bonds are issued.

Assuming the City's policy is to initially record all single deposits for multiple transactions in one fund, what is the amount of cash that will ultimately be deposited in the Debt Service Fund resulting from the sale of the bonds?

$$ $$758,000$

$$1,108,000$

$$992,000$

$$58,000$

$$700,000$