On September 1, 2017, Ivanhoe Corporation issued $605,000 of 10-year, 3% bonds at 95. Interest is payable semi-annually on September 1 and March 1. Ivanhoe's fiscal year end is February 28.

Record the accrual of interest on February 28, 2018, assuming the semi-annual amortization amount for this interest period is $1,024