Jack Frost Inc. issues a $947,698, 10% 5 year notes payable on January 1, 2022. The note will be repaid in five annual installments of $250,000, each payable at the end of the year (i.e. $250,000 at the end of 2022, $250,000 at the end of 2023, $250,000 at the end of 2024, $250,000 at the end of 2025, and $250,000 at the end of 2026). What is the amount of interest expense that should be recorded by Jack Frost Inc. in the second year (i.e. on the income statement for the year ended December 31, 2023)? (round the nearest dollar).