On January $1$ of Year $1,$ Mayse Airways issued $$4,000,000$ of $6\%$ bonds that pay interest semiannually on January $1$ and July $1.$ The bond issue price is $$3,630,000$ and the market rate of interest for similar bonds is $7\%.$ The bond premium or discount is being amortized at a rate of $$12,333$ every six months. The amount of interest expense recognized by Mayse Airways on the bond issue in Year $1$ would be: