On 3/1/18 Comprehensive Corp. issues $100,000, 8-year bonds (dated 3/1/18) with a stated rate of 3% payable semiannually every 9/1 and 3/1. The proceeds of the bonds are $93,211. Comprehensive Corp. pays bond issuance costs of $1,500 to third parties at the time of issuance. Comprehensive Corp. reports on an annual basis each 12/31. Based on this information, how much interest expense should Comprehensive Corp. record on 3/1/19 (i.e., the date of the second interest payment)? Exclude commas or decimals from your answer.