Brief Exercise 14-6 (Algo) Effective interest on bonds [LO14-2] On January 1, a company issued 6%, 15-year bonds with a face amount of $90 million for $74,437,281 to yleid 8%. Interest is pald semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.)