On January 1, 2021, A Corporation issued $300,000 of 10% bonds. Interest is payable semiannually. A Corporation uses the accrual basis of accounting. The bonds mature in 7 years. The annual market rate for bonds of similar risk and maturity is 8%. What was the issue price of the bonds? (Round up to the next highest penny if necessary. For example: $.015 through $.019 should be rounded up to $.02.)

• $328,418.23

• $331,690.50

• $327,454.46

• $427,383.50