On March 31, Apple Industries issues 150, $30,000 bonds with a stated rate of interest of 8% and a maturity of 20 years. Apple Industries has a December 31 year-end. The bonds pay interest twice a year on March 31 and September 30. The effective rate of interest for the bonds is 9%. Apple Industries uses the effective interest method to record interest expense. How much interest expense will Apple Industries report when it makes its 2nd interest payment on March 31? (When entering your answer do not use a $ sign and round to the nearest whole number.)