Auerbach Inc. issued 8% 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, 2017. The effective interest rate established by the market was 10%.

Assuming Auerbach issued the bonds for 612,759,000 what would the company report for its net liability balance at december 31 2018