M10-9 (Algo) Computing and Reporting a Bond Liability [LO 10-3] E-Tech Initiatives Limited plans to issue $400,000,10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2022. Show how the bonds would be reported on the January 2,2022 , balance sheet if they are issued at 98 . (Deductions should be indicated by a minus sign.)