On January $1,2030,$ Cinco Corporation issued $$5,700,000,10-$year, $10\%$ bonds at $98.$ Interest is payable annually on January $1.$ What journal entry will Cinco Corporation record on January $1,2030?$

Group of answer choices

DR: Cash $$5,700,000$ and Discount on Bonds Payable $$114,000$; CR: Bonds Payable $$5,814,000$

DR: Cash $$5,586,000$ and Discount on Bonds Payable $$114,000$; CR: Bonds Payable $$5,700,000$

DR: Cash $$5,586,000$; CR: Bonds Payable $$5,586,000$

DR: Cash $$5,700,000$; CR: Bonds Payable $$5,700,000$

DR: Cash $$5,814,000$; CR: Discount on Bonds Payable $$114,000$ and Bonds Payable $$5,700,000$