Free Company purchased $1,500,000 of 10% bonds of Carter Company on January 1, 2021, paying $1,410,375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Free Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Free Company should report interest revenue on their Income Statement from the Carter Company bonds of