The Melon Company issues $$524,000$ of $11\%,10-$year bonds at $108$ on March $31,$ Year $1.$ The

bonds pay interest on March $31$ and September $30.$ Assume that the company uses the straight$-$

line method for amortization. Calculate the net balance that will be reported for the bonds on the

September $30,$ Year $1$ balance sheet. $($Round your intermediate answers to the nearest dollar.$)$