Trego Company issued, on December 31, 2018, $1,000,000 face value, 4%, 5-year bonds. Interest will be paid semiannually each June 30 and December 31. The bonds sold at a price of 102; Trego uses the straight-line method of amortizing bond discount or premium. The amount of bond interest expense recognized by Trego Company in 2019 with respect to these bonds is