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Auerbach Inc. issued 10% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $500

Auerbach Inc. issued 10% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $500 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 12%. Assuming that Auerbach issued the bonds for $442,650,000, what would the company report for its net bond liability balance at December 31, 2021, rounded up to the nearest thousand

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