PharmCo ia a pharmaceutical company operating in Windhoek, Namibia. In 2015 while the economy was still booming the company possessed liquidity that it invested in a government bond that its intended to hold. The investment has a maturity of 10years and will be redeemed at N$450 000.The investment has a coupon rate of 10%, and the rate on a similar debt in was incurred the market is 12%. The sum of N$10 000 as legal fees was incurred at the time of purchase the bond .During recession in 2017 the company fortune dwindled and was facing a liquidity problem, the board met on the 1st of September 2017 and decided to change the motive from hold to sell and collect. That way the company will be able to sell at the earliest time possible where the need arises. The change, however, did not come to effect until the 28th of February 2018. What is the carrying amount transferred at reclassification date?