On September $30,2024,$ a company acquired a patent. The agreement specified that the company will pay $$1,400,000$ immediately and then another $$1,400,000$ on September $30,2026.$ An interest rate of $8\%$ reflects the time value of money for this type of loan agreement. $($PV of $$1,$ PVA of $$1)$

What amount of interest expense, if any, would the company record on December $31,2024,$ the company$$s fiscal year end?

Note: Round your answer to nearest whole dollar amount. On September $30,2024,$ a company acquired a patent. The agreement specified that the company will pay $$1,400,000$ immediately and then another $$1,400,000$ on September $30,2026.$ An

interest rate of $8\%$ reflects the time value of money for this type of loan agreement. $($PV of $$1,$ PVA of $$1)$

What amount of interest expense, if any, would the company record on December $31,2024,$ the company's fiscal year end?

Note: Round your answer to nearest whole dollar amount.

Multiple Choice

$$24,006$

$$114,295$

$$75,546$

$$26,859$