On December 1, the home mortgage balance was $164,000 for the home owned by Tom Gonzalez. The interest rate for the loan is 6 percent.

Assuming that Tom makes the December monthly mortgage payment of $1968, calculate the following:

1. The amount of interest included in the December payment (round your answer to the nearest cent).
2. The amount of monthly mortgage payment that will be used to reduce the principle balance.
3. The new balance after Tom makes this monthly mortgage payment.

1. Interest amount: $
2. Principle reduction: $
3. New balance: $