On January $1,2024,$ Crane Co$.$ sold $12\%$ bonds with a face value of $$1950000.$ The bonds mature in five years, and interest is paid semiannually on June $30$ and December $31.$ The bonds were sold for $$2100574$ to yield $10\%.$ If the effective$-$interest method of amortization is used, interest expense reported for $2024$ is