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A company issues $15,000,000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from

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A company issues $15,000,000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from the bonds are $14,703,120. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in June 2024? (enter only number no comma)

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