On January 2, 2024, Nori Mining Company (lessee) entered into a 5-year lease for drilling equipment. Nori accounted for the acquisition as a finance lease for $271,200, which includes a $11,200 purchase option at the end of the lease. Nori is reasonably certain to exercise the purchase option. Nori estimates that the equipment's fair value will be $22,400 at the end of its 8-year life. For the year ended December 31, 2024, what amount should Nori recognize as amortization expense on the right-of-use asset?