On September 30,2024 , company acquired a patent. The agreement specified that the company will pay $1,200,000 immediately and then another $1,200,000 on September 30, 2026. An interest fate of 8\%, reflects the time value of money for this type of loan agreoment (PV of $1. PVA of S1) What amount of interest expense, If any, would the company record on December 31,2024, the company's fiscal year end? Note: Round your answer to nearest whole dollar amount. Mutiple Choice $23,429 $97,145 57216 520.576