At the beginning of 2010, Wallace Corporation issued 10% bonds with a face value of $900,000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for 833,760 to yield 12%. Wallace uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2010? (Round your answer to the nearest dollar.)