On January 1, 2016, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $37,000 each, and will be paid on December 31, 2016, 2017, and 2018. The last three are to be $52,000 each and will be paid on December 31, 2019, 2020, and 2021. Montgomery borrowed other money at a 11% annual rate. How much interest expense on this note will Montgomery recognize in 2016?