Mr. and Mrs. Kim, married filing jointly, own a principal residence and a vacation home. Each residence is subject to a mortgage that qualifies as acquisition debt, and both mortgages were incurred before December 15, 2017. This year, the mortgage holders provided the following information.

	Mortgage Interest Paid			Average Balance of Mortgage
Principal residence	$	43,000		$	961,800
Vacation home		25,100			355,000

Compute Mr. and Mrs. Kims qualified residence interest. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)