on january 1, year 1, weller company issued bonds with a $400,000 face value, a stated rate of interest of 9%, and a 10-year term to maturity. weller uses the effective interest method to amortize bond discounts and premiums. the market rate of interest on the date of issuance was 7%. interest is paid annually on december 31. assuming weller issued the bond for $439,940, what is the amount of interest expense that will be recognized during year 3? (round your intermediate calculations and final answer to the nearest whole dollar amount.)