On January $1,2024,$ Active in Savannah issues $7\%,15-$year bonds with a face amount of $$85,000$ for $$77,651,$ priced to yield $8\%.$ Interest is paid semiannually.

What amount of interest expense will be recorded on June $30,2024,$ the first interest payment date? $($Round your final answer to the nearest whole dollar amount.$)$