On January 1, a company issued 6%, 15-year bonds with a face amount of $90 million for $74,437,281 to yield 8%. Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Discount Cash Interest Paid Bond Interest Period-End Amortization Carrying Value Expense $74,437,281 January 1 June 30 December 31 Total 0