Consider an investor who, on January 1, 2014, purchases a TIPS bond with an original principal of $110,000, an 12 percent annual (or 6 percent semiannual) coupon rate, and 15 years to maturity. Suppose that the semiannual inflation rate for the second six-month period is 1.3 percent. Calculate the inflation-adjusted principal at the end of the second six months (on December 31, 2014) and the coupon payment to the investor for the second six-month period. What is the inflation-adjusted principal on this coupon payment date? (Round your answers to 2 decimal places. (e.g., 32.16))