ABC Ltd has a substantial mortgage debt. The debt was $1157816 at the beginning of this year. Mortgage payments of $387656 were made during the year and the mortgage balance was $1029647 at the end of the year. No new borrowing was made this year. Next year, the payments required total $418609 and, if there is no new borrowing, the mortgage balance will be $913358 at the end of next year. Compute the interest expense for this year and enter the value in the answer space below