Question: please help me with this question step by step how to solve it. Question 2 0.25 pts On January 1 of Year 1, Congo Express

please help me with this question step by step how to solve it.

Question 2 0.25 pts On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $10,087 every six months. The company's December 31, Year 1 balance sheet should reflect total liabilities associated with the bond issue (including interest) in the amount of: O $3.217,563 O $3,340,063 O $3,782,437 O $3.780,000. $3,902,500

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