During 2020, Hendrix paid $9,200 of interest on loans used to purchase land he is holding for investment. In addition to this expense, Hendrix incurs expenses related to investments of $2,300. Hendrix has the following items of income in 2020: $1,800 of interest from Ripple Corp. bonds, a $1,000 gain on the sale of stock (held for ten years), a $500 gain on the sale of stock (held for two months), a $5,200 gain on the sale of stock (held for eight months), and $800 of interest from City of Melbourne bonds. If Hendrixs AGI is $70,000, how much of his investment interest expenses are deductible in 2020?