Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 6%.

Assuming that Auerbach issued the bonds for $255,366,000, what would the company report for its net bond liability balance at December 31, 2018, rounded up to the nearest thousand?(Do not round intermediate calculations.)

• $258,366,000.
• $299,000,000.
• $256,196,000.
• $252,366,000.