On September $30,2024,$ a company acquired a patent. The agreement specified that the company will pay $$1,070,000$ immediately and then another $$1,070,000$ on September $30,2026.$ An interest rate of $6\%$ reflects the time value of money for this type of loan agreement. $($PV of $$1,$ PVA of $$1)$

What amount of interest expense, if any, would the company record on December $31,2026,$ the company$$s fiscal year end?

Note: Round intermediate and final answer to nearest whole dollar amount.

Multiple Choice

$$64,200$

$$48,150$

$$58,281$

$$45,425$