Tano Company issues bonds with a par value of $83,000$ on January $1,2021.$ The bonds' annual contract rate is $10\%$ and interest is paid semiannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $12\%$ and the bonds are sold for $78,922$ How much total bond interest expense will be recognized over the life of these bonds?