The Tarrago Company issues $ 500 comma 000$500,000 of 88%, 10minusyear bonds at 107107 on March 31, 2017. The bond pays interest on March 31 and September 30. Assume that the company uses the straightminusline method for amortization. Calculate the net balance that will be reported for the bonds on the September 30, 2017 balance sheet

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