(TCO D) On Jan 1, 2015, Noble, Inc. issued 5% bonds in the face amount of $4,000,000, which mature on Jan 1, 2020. The bonds were issued for...

(TCO D) On Jan 1, 2015, Noble, Inc. issued 5% bonds in the face amount of $4,000,000, which mature on Jan 1, 2020. The bonds were issued for $3,725,000 resulting in a bond discount of $275,000. Noble uses the straight line method of amortizing bond discount. Interest is payable annually on Jan 1. Noble's Interest expense  for the year 2015 should be