Auerbach Incorporated issued 8% bonds on October 1, 2024. The bonds have a maturity date of September 30, 2034 and a face value of $500 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2025. The effective interest rate established by the market was 10%.
Assuming that Auerbach issued the bonds for $437,689,200, what would the company report for its net bond liability balance on December 31, 2024.
Note: Round your answer to the nearest thousand. Do not round intermediate calculations.

O $499.000.000
O $427,689,000
O $438,631,000
O $447,689,000