On October 1, 2024, a company purchased a piece of land by agreeing to pay the seller $450,000 in two years. If the company had borrowed the money from a bank to pay the seller immediately, management estimates the bank would have required interest of 9%. Calculate the amount of interest expense the company would record for its year ending December 31, 2024 (rounded to the nearest dollar).

Note: Use appropriate factor(s) from the tables provided. (PV of $1, and PVA of $1)