On July 1, 2016. Cargo Corporation issues $4250000 of 14%, 13-year bonds dated July 1, 2016, at $4908979 when the market rate of interest was 8%. Cargo Corporation uses the straight-line method of amortization. Interest is paid each June 30 and December 31. The entry to record the first semi-annual interest payment on December 31, 2016, will include a debit to interest expense for: Round your final answer to the nearest whole number (Integer). Round interim ealeulations to 4 decimal points. Do not include any dollar siges percentage signs, comma decimal places and/or spaces in your answer. Your answer should only include sumbers. For example, if the correct answer is 1021, you should enter 1021 as your answer. If you enter 51021 or 1,021 or 1021 er S1021.00, your awer will be marked wrong. For negative numbers, use a negative siga before the number eg 1021. Do not use brackets for negative numbers and do not leave a space between the negative sign and the number