Cordoba Corp. purchased inventory of $6,000,000 on July 1, of the current year, on a short term note. The note is due in 10 months and the interest rate on the note is 4% annually. Cordoba Corp. prepares annual, December 31, financial statements. What amount of interest expense must be accrued for the year ending December 31? (Do not enter a $ sign and round your answer to the nearest whole dollar.)