On January 1, 2013, Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%. Please see the partial amortization schedule below.

Payment Number	Date	Payment	Interest Expense	Principal	Balance
	1/1/2013				60,000.00
1	1/31/2013	980.00	200.00	780.00	59,220.00
2	2/28/2013	980.00	197.40	782.60	58,437.40
3	3/31/2013	980.00	194.79	785.21	57,652.19
4	4/30/2013	980.00	192.17	787.83	56,864.37
5	5/31/2013	980.00	189.55	790.45	56,073.91
6	6/30/2013	980.00	186.91	793.09	55,280.83
7	7/31/2013	980.00	184.27	795.73	54,485.10
8	8/31/2013	980.00	181.62	798.38	53,686.71
9	9/30/2013	980.00	178.96	801.04	52,885.67
10	10/31/2013	980.00	176.29	803.71	52,081.95
11	11/30/2013	980.00	173.61	806.39	51,275.56
12	12/31/2013	980.00	170.92	809.08	50,466.48
	2013 totals	11,760.00	2,226.48	9,533.52

For the year 2013, what will be the total interest expense recorded by Thames Company for this mortgage?