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On November 1 , 2 0 2 3 , Sheffield Company, which is a calendar year, cash - basis taxpayer, borrowed $ 2 0 0

On November 1,2023, Sheffield Company, which is a calendar year, cash-basis taxpayer, borrowed $200,000 from National Bank at 3.33% interest per year. On December 22,2023, Sheffield Company paid $6.660 to the bank for the first year's interest on the loan. How much can Sheffield Company deduct in 2023 for the interest paid? (Round answer to 0 decimal places, eg.125.)
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