Required information [The following information applies to the questions displayed below.] Serotta Corporation is planning to issue bonds with a face value of $410,000 and a coupon rate of 12 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30 , and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8 percent. (FV of $1, P V of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 3. What bonds payable amount will Serotta report on this year's December 31 balance sheet? Note: Round your final answer to nearest whole dollar amount. Answer is complete but not entirely correct. Present Value of $1 \begin{tabular}{cccccccccc} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 6.0% \\ \hline 1 & 0.99010 & 0.98039 & 0.97087 & 0.96386 & 0.96154 & 0.95923 & 0.95238 & 0.94340 & 0.93458 \\ 2 & 0.98030 & 0.96117 & 0.94260 & 0.92902 & 0.92456 & 0.92013 & 0.90703 & 0.89000 & 0.87344 \\ 3 & 0.97059 & 0.94232 & 0.91514 & 0.89544 & 0.88900 & 0.88262 & 0.86384 & 0.83962 & 0.81630 \\ 4 & 0.96098 & 0.92385 & 0.88849 & 0.86307 & 0.85480 & 0.84663 & 0.82270 & 0.79209 & 0.76290 \\ 5 & 0.95147 & 0.90573 & 0.86261 & 0.83188 & 0.82193 & 0.81212 & 0.78353 & 0.74726 & 0.71299 \\ 6 & 0.94205 & 0.88797 & 0.83748 & 0.80181 & 0.79031 & 0.77901 & 0.74622 & 0.70496 & 0.66634 \\ 7 & 0.93272 & 0.87056 & 0.81309 & 0.77283 & 0.75992 & 0.74725 & 0.71068 & 0.66506 & 0.62275 \\ 8 & 0.92348 & 0.85349 & 0.78941 & 0.74490 & 0.73069 & 0.71679 & 0.67684 & 0.62741 & 0.58201 \\ 9 & 0.91434 & 0.83676 & 0.76642 & 0.71797 & 0.70259 & 0.68757 & 0.64461 & 0.59190 & 0.54393 \\ 10 & 0.90529 & 0.82035 & 0.74409 & 0.69202 & 0.67556 & 0.65954 & 0.61391 \end{tabular} Present Value of $1 \begin{tabular}{cccccccccc} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 6.0% \\ \hline 11 & 0.89632 & 0.80426 & 0.72242 & 0.66701 & 0.64958 & 0.63265 & 0.58468 & 0.52679 & 0.47509 \\ 12 & 0.88745 & 0.78849 & 0.70138 & 0.64290 & 0.62460 & 0.60686 & 0.55684 & 0.49697 & 0.44401 \\ 13 & 0.87866 & 0.77303 & 0.68095 & 0.61966 & 0.60057 & 0.58212 & 0.53032 & 0.46884 & 0.41496 \\ 14 & 0.86996 & 0.75788 & 0.66112 & 0.59726 & 0.57748 & 0.55839 & 0.50507 & 0.44230 & 0.38782 \\ 15 & 0.86135 & 0.74301 & 0.64186 & 0.57568 & 0.55526 & 0.53562 & 0.48102 & 0.41727 & 0.36245 \\ 16 & 0.85282 & 0.72845 & 0.62317 & 0.55487 & 0.53391 & 0.51379 & 0.45811 & 0.39365 & 0.33873 \\ 17 & 0.84438 & 0.71416 & 0.60502 & 0.53481 & 0.51337 & 0.49284 & 0.43630 & 0.37136 & 0.31657 \\ 18 & 0.83602 & 0.70016 & 0.58739 & 0.51548 & 0.49363 & 0.47275 & 0.41552 & 0.35034 & 0.29586 \\ 19 & 0.82774 & 0.68643 & 0.57029 & 0.49685 & 0.47464 & 0.45348 & 0.39573 & 0.33051 & 0.27651 \\ 20 & 0.81954 & 0.67297 & 0.55368 & 0.47889 & 0.45639 & 0.43499 & 0.37689 & 0.31180 & 0.25842 \\ 25 & 0.77977 & 0.60953 & 0.47761 & 0.39838 & 0.37512 & 0.35326 & 0.29530 & 0.23300 & 0.18425 \\ 30 & 0.74192 & 0.55207 & 0.41199 & 0.33140 & 0.30832 & 0.28689 & 0.23138 \end{tabular} Present Value of $1 \begin{tabular}{ccccccccccc} Periods & 8.0% & 9.0% & 10.0% & 11.0% & 12.0% & 13.0% & 14.0% & 15.0% & 20.0% & 25.0% \\ \hline 1 & 0.92593 & 0.91743 & 0.90909 & 0.90090 & 0.89286 & 0.88496 & 0.87719 & 0.86957 & 0.83333 & 0.80000 \\ 2 & 0.85734 & 0.84168 & 0.82645 & 0.81162 & 0.79719 & 0.78315 & 0.76947 & 0.75614 & 0.69444 & 0.64000 \\ 3 & 0.79383 & 0.77218 & 0.75131 & 0.73119 & 0.71178 & 0.69305 & 0.67497 & 0.65752 & 0.57870 & 0.51200 \\ 4 & 0.73503 & 0.70843 & 0.68301 & 0.65873 & 0.63552 & 0.61332 & 0.59208 & 0.57175 & 0.48225 & 0.40960 \\ 5 & 0.68058 & 0.64993 & 0.62092 & 0.59345 & 0.56743 & 0.54276 & 0.51937 & 0.49718 & 0.40188 & 0.32768 \\ 6 & 0.63017 & 0.59627 & 0.56447 & 0.53464 & 0.50663 & 0.48032 & 0.45559 & 0.43233 & 0.33490 & 0.26214 \\ 7 & 0.58349 & 0.54703 & 0.51316 & 0.48166 & 0.45235 & 0.42506 & 0.39964 & 0.37594 & 0.27908 & 0.20972 \\ 8 & 0.54027 & 0.50187 & 0.46651 & 0.43393 & 0.40388 & 0.37616 & 0.35056 & 0.32690 & 0.23257 & 0.16777 \\ 9 & 0.50025 & 0.46043 & 0.42410 & 0.39092 & 0.36061 & 0.33288 & 0.30751 & 0.28426 & 0.19381 & 0.13422 \\ 10 & 0.46319 & 0.42241 & 0.38554 & 0.35218 & 0.32197 & 0.29459 & 0.26974 & 0.24718 & 0.16151 & 0.10737 \end{tabular} Present Value of $1