At the beginning of $2024,$ Pharoah Corporation issued $10\%$ bonds with a face value of $$5500000.$ These bonds mature in the five years, and interest is paid semiannually on June $30$ and December $31.$ The bonds were sold for $$5095195$ to yield $12\%.$ Pharoah uses a calendar$-$year reporting period and the effective$-$interest method of amortization. What amount of interest expense should be reported for $2024?$

$$611415$

$$609415$

$$613266$

$$631047$

$$ Attempts: $0$ of $1$ used