England Corporation's cash receipts and cash disbursements for the first quarter are as follows:

	Cash Receipts	Cash Disbursements
January	$750,000	$1,010,000
February	$840,000	$990,000
March	$760,000	$620,000

England has lines of credit available when they need to borrow money. These lines of credit allow them to borrow in increments of $10,000. England borrows at the beginning of the month and pays 10% interest as the loan is repaid at the end of month. England started January with $0 cash. How much total interest is paid in March (round final answer to zero decimal places)?

Multiple Choice

• $6,500

• $4,333

• $14,000

• $2,333

• $3,500