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PT. Star issued $250,000, 5%, 15-year bonds on January 1, 2023 for $280,000. Interest is paid on January 1 each year. On January 1, 2026

PT. Star issued $250,000, 5%, 15-year bonds on January 1, 2023 for $280,000. Interest is paid on January 1 each year. On January 1, 2026 after payment of interest, some of the bonds with a face value of $100,000 are redeemed at a rate of 103. How much interest expense is recognized by PT. Starfruit on December 31, 2026?

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