Auerbach Inc. issued 10% bonds on October 1, 2016. The bonds have a maturity date of September 30, 2026 and a face value of $700 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 12%. Assuming that Auerbach issued the bonds for $619,710,000, what would the company report for its net bond liability balance at December 31, 2016, rounded to the nearest thousand? (Do not round intermediate calculations.) $637,210,000. $620,801,000. $699,000,000. $602,210,000.