McCabe Corporation issued 450,000 of 7.0% 10-year bonds are dated and sold on January 1,2015. Interest payment dates are January 1 and July 1. The bonds are issued for 419,422 to yield the market interest rate of 8% McCabe Corporation uses the effective interest method.What is the amount of interest expense that McCabe Corporation will record on July 1, 2015, the first semiannual interest payment date