Bad Accountants Inc. sold $10,000,000, 5-year, 3%, semi-annual bonds for $9,124,794 on Jan 1, 2022. From its proceeds Bad Accountants paid legal fees of $200,000 to Good Lawyers. The market rate for similar bonds is 5%. The bonds pay interest semi-annually on June 30th and December 31. How much interest expense would Bad Accountants record at June 30, 2021. Please do not include commas, S, +/-in your answer. Do not round intermediary calculations. Round final answer to nearest dollar.