On January 1, 2017, Finch company issued $92,000 of five year, 8% bonds when the market interest rate was 12%, the issue price of the bonds was $75,000. Finch uses the effective -interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made