Auerbach Inc. issued 6% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $700 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 8%. Assuming that Auerbach issued the bonds for $604,863,000, 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.)

Multiple Choice

$594,363,000

$615,363,000

$606,460,000.

$699,000,000.