On January 1, 2021, Golden Company acquires $400,000 of ABC Company's 10- year, 6% bonds at a price of $460,000 to yield 4%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that Golden Company uses the straight-line method of amortization, what is the carrying value of the debt securities at December 31, 2022