Serotta Corporation is planning to issue bonds with a face value of $$440,000$ and a coupon rate of $12$ percent. The bonds mature in two years and pay interest quarterly every March $31,$ June $30,$ September $30,$ and December $31.$ All of the bonds were sold on January $1$ of this year. Serotta uses the effective$-$interest amortization method and also uses a premium account. Assume an annual market rate of interest of $8$ percent. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

P$10-11$ Part $3$

$3.$ 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.$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[,1,$March $31,$Interest expense,$9,445,],[,,,$Bond premium,$3,755,],[,,,$Cash,,$13,200],[,2,$June $30,$Interest expense,$9,370,],[,,,$Bond premium,$3,830,],[,,,$Cash,,$13,200],[1,3,$September $30,$Interest expense,$9,293,],[,,$Bond premium,$3,907,],[,,$Cash,,$13,200],[,4,$December $31,$Interest expense,$9,215,],[,,,$Bond premium,$3,985,],[,,,$Cash,,$13,200]]$