?

Auerbach Inc. issued 4% bonds on October 1, 2011. The bonds have a maturity date of September 30, 2021 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2012. The effective interest rate established by the market was 6%.

Assuming that Auerbach issued the bonds for $255,369,000, what would the company report for its net bond liability balance at December 31, 2011, rounded up to the nearest thousand?