The Melon Company issues $524,000 of 6%,10-year bonds at 106 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.) $555,440$553,868$557,012$524,000