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The Tarrago Company issues $534,000 of 11%, 10-year bonds at 107 on March 31, 2017. The bond pays interest on March 31 and September 30.

The Tarrago Company issues $534,000 of 11%, 10-year bonds at 107 on March 31, 2017. The bond pays 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, 2017 balance sheet. (Round your intermediate answers to the nearest dollar.)

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