On January 1, 2020, a company sold and delivered equipment to a customer, in exchange for a zero-interest bearing note with a face value of $440,000 that is due in three years. The present value factor for three periods with the interest rate of 5% is 0.864. The company amortizes any premium/discount using the effective interest method. The interest revenue to be recognized on this note in 2021 is _________ (round to the nearest dollar if necessary. Round only in the last step.)