Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $440,000 for the equipment on December 31, 2019. The market rate of interest for similar notes was 10%. The present value of $440,000 discounted at 10% for four years was $300,526. On January 1, 2019, Straight Industries recorded the purchase with a debit to equipment for $300,526 and a credit to notes payable for $300,526. On Straight Industries balance sheet for the year ended December 31, 2019, the book value of the liability for notes payable, including accrued interest would be closest to:

• $342,219.

• $340,019.

• $330,579.

• $344,526.