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A ten-year $4,000,000 bond is issued on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannually on June 30 and December

A ten-year $4,000,000 bond is issued on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannually on June 30 and December 31st. What is the amount that would be recorded as interest expense on June 30, 20xx (the first interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st?

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