On January 1, 2020, the Digital Company purchased 10%, $400,000, two-year bonds due December 31, 2021. The issuance price of the bonds was $414,520. Interest is payable semi-annually annually beginning June 30, 2020. The bonds had an effective interest rate of 8%. The fair value of the bonds at December 31, 2020 was $408,000. The Digital Company plans to classify the bonds as available-for-sale securities and did not elect the fair value option. It uses the effective interest rate to recognize the interest revenue on its debt securities.

For what amount would the Digital Company show this available-for-sale security on its balance sheet at December 31, 2020? Round your answer to the nearest dollar.