On November 1,2023 , Sheridan Company, which is a calendar year, cash-basis taxpayer, borrowed $200,000 from National Bank at 3.03% interest per year, On December 22,2023 . Sheridan Compamy paid $6,060 to the bank for the first year's interest on the loan. How much can Sheridan Company deduct in 2023 for the interest paid? (Round onswer to O decimal places, eg. 125.) Deduction $