On January $1,2024,$ Lyle's Limeade issues $5\%,15-$year bonds with a face amount of $$85,000$ for $$76,670,$ priced to yield $6\%.$ Interest is paid semiannually.

What amount of interest expense will be recorded in the December $31,2024,$ annual income statement? $($Do not round your intermediate calculations. Round your final answer to nearest whole dollar amount.$)$

Interest expense