On January 1, 2024, Allgood Company purchased equipment and signed a six-year mortgage note for $97,000 at 15%. The note will be paid in equal annual installments of $25,631, beginning January 1, 2025. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.)

		$25,631
		$10,976
		$14,550
		$85,919