At the beginning of $2024,$ Crane Corporation issued $10\%$ bonds with a face value of $$6200000.$ These bonds mature in the five years,

and interest is paid semiannually on June $30$ and December $31.$ The bonds were sold for $$5743675$ to yield $12\%.$ Crane uses a

calendar$-$year reporting period and the effective$-$interest method of amortization. What amount of interest expense should be

reported for $2024?$

$$711235$

$$691319$

$$689240$

$$687240$