You are the marketing director for a company that sells fashionable athletic wear. Sales have declined in the past couple of years, however, a problem you attribute to the fact that people are paying less and less attention to traditional marketing tactics. At the next board meeting, you are going to propose a campaign that emphasizes good storytelling, interesting visual graphics, and interactive stories. These are all elements of .

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)