Splish Inc. issued $580,000 of 9%, 10-year bonds on June 30, 2017, for $480,209. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Splish uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2017.