Bennett Inc. issues 100 4% coupon, $1,000 par value bonds maturing in 5 years. The bonds are issued at a price of $92,488 and the market rate for comparable bonds is 5.75%. Assuming that Bennett uses the straight-line method of amortization, interest expense for Year 2 is closest to: $1,500 $4,000 $5,500 $5,750