On January $1,$ Year $1,$ Maverick Company sold bonds that pay interest semiannually on June $30$

and December $31.$ Maverick has a fiscal year$-$end of February $28.$ The amortization schedule

for these bonds shows a cash payment of interest of $$7,200$ and effective interest of $$9,009$

relating to the interest payment that will be made on June $30,$ Year $1.$ What is the amount of

interest expense that should be accrued by Maverick in an adjusting entry dated February $28,$

Year $1?$

Interest expense