The Melon Company issues $523,000 of 10\%, 10-year bonds at 105 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.) $547,842 $549,150 $550,458 $523,000