On January $1,$ a company issued $5\%,10-$year bonds with a face amount of $$80$ million for $$74,049,340$ to yield $6\%.$ Interest is paid semiannually. What was the total interest expense on the December $31$ annual income statement $($which includes interest expense for the entire year$)$ using the effective interest method? $($Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.$)$