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Nittany Lion Company sells Product E to Customer Company on January 1, 2019. Customer Company agrees to pay Nittany Lion Company $15,800 on December 31,

Nittany Lion Company sells Product E to Customer Company on January 1, 2019. Customer Company agrees to pay Nittany Lion Company $15,800 on December 31, 2021 (i.e., in three years). The annual interest rate on loans is 10%.

Suppose that the balance of the discount on the note receivable on December 31, 2020 is $1,170.

How much will Nittany Lion Company recognize as interest revenue in 2021? Round your answer to the nearest dollar (e.g., 1,000).

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