Oriole Company received proceeds of $761500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $720000, pay interest annually on December 31, and have a call price of 102. Oriole uses the straight-line method of amortization. What is the amount of interest expense Oriole will report with relation to these bonds for the year ended December 31, 2020