On January 1, 2020, Sanders Corp. Issued $6 million, 10 year, 8% bonds with interert to be puia annually. Sanders Corp. issued the bonds for 56,504,953 since the market pate of interemt wav 6% on the issue date. What is the total amount of interest expense that Sanders Corp. ahould report on its December 31, 2021 income statement? (round to the nearevt dollar)