On January $1,$ Year $1,$ Jones Company issued bonds with a $$215,000$ face value, a stated rate of interest of $7\mathrm{.}5\%,$ and a $5-$year term to maturity. The bonds were issued at $97.$ Interest is payable in cash on December $31$st of each year. The company amortizes bond discounts and premiums using the straight$-$line method. What is the amount of interest expense shown on Jones' income statement for the year ending December $31,$ Year $1?$