Barbie Industries has budgeted the following information for January:

Cash Receipts	$41,400
Beginning Cash Balance	$24,000
Cash Payments	$52,300
Desired Ending Cash Cushion	$19,000

It is important for the company to maintain the desired ending cash balance indicated in the chart above. If there is excess cash above the desired ending balance, the company uses the excess amount to pay down its debt. The interest rate is 2.50% per month and is paid at the end of month, based on the debt balance at the beginning of the month. The company had no debt before January 1st. The amount of interest paid in February would be