1 points Save Answc Smithsonian Industries purchased a supply of electronic components from Sunshine Corporation on October 31, 2021. In payment for the $1,000,000 million purchase, Smithsonian issued a 1-year installment note to be paid in equal monthly payments of 88,849 at the end of each month. The payments include interest at the rate of 12%. What is the amount of interest expense that Smithsonian will report in its income statement for the year ended December 31, 2021? (Do not add dollar sign; do not add comma by yourself to your amount; round the answer to the whole number; use minus sign if the amount is negative)