National Bank granted a loan to borrower on January 1, 2021. The interest on the loan is 10% payable annually starting December 31, 2021. The loan matures in thee years on December 21, 2023. Principal...

National Bank granted a loan to borrower on January 1, 2021. The interest on the loan is 10% payable annually starting December 31, 2021. The loan matures in thee years on December 21, 2023.

Principal amount 4,000,000
Origination fee charges against the borrower 342,100
Direct Origination Cost incurred 150,000

What is the carrying amount of the loan receivable on January 1, 2021?

a. 4,000,000
b. 3,807,900
c. 4,150,000
d. 3,657,900