Auerbach Inc. issued 4% bonds on October 1, 2021 The bonds have a maturity date of September 30, 2031 and a face value of $425 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6% Assuming that Auerbach issued the bonds for $361772,495, what interest expense would it recognize in its 2021 income statement? (Do not round Intermediate calculations. Round your final answer to nearest whole doltar)