On January $1,$ Year $1,$ Weller Company issued bonds with a $$425,000$ face value, a stated rate of interest of $9\%,$ and a $10-$year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was $7\%.$ Interest is paid annually on December $31.$

Assuming Weller issued the bond for $$448,940,$ what is the amount of interest expense that will be recognized during Year $3?($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$