Carla Inc. issued $610,000 of 8%, 10-year bonds on June 30, 2020, for $470,064. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Carla uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2020. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.)

Interest expense to be recorded: $ ?