Auerbach Inc. issued 6% bonds on October 1, 2016. The bonds have a maturity date of September 30, 2026 and a face value of $480 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 8%. Assuming that Auerbach issued the bonds for $353,855,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2017?