At the beginning of 2024 , Crane Corporation issued 8% bonds with a face value of $4300000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31 . The bonds were sold for $3967965 to yield 10%. Crane uses a calendar-year reporting period. If the effective-interest method of amortization is used, what amount of interest expense should be reported for 2024