Question: On March 2 , 2 0 2 2 , 2 0 - year, 3 percent, general obligation serial bonds were issued at the face amount

On March 2,2022,20-year, 3 percent, general obligation serial bonds were issued at the face amount of $3,000,000. Interest of 3 percent per annum is due semiannually on March 1 and September 1. The first payment of $150,000 for redemption of principal is due on March 1,2023. Fiscal year-end occurs on December 31. What is the interest expense in the governmental activities accounts for the fiscal year ending December 31,2022?

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