On January 1, 2019, a company issued $400,700 of 10-year, 12% bonds. The interest is payable semi-annually on June 30 and December 31. The issue price was $414,553 based on a 10% market interest rate. The effective-interest method of amortization is used. What is the book value of the bond liability as of June 30, 2019 (to the nearest dollar)? Multiple Choice $417,867. $400,700. $404,014 $411,239