On January 1, 2021 , Bradford Company issued 9-year 10 %, $75 million bonds for $66,880,000 bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. The company has fiscal year end on September 30. Use an amortization schedule to find the interest expense included in the annual statement for year ended on sept 30,2021.