On Oct.31, 2025, Ford incurs a 20-year $600,000 mortgage liability in conjunction with the purchase of a factory. This is payable in equal monthly installments of $6,000 which include interest computed at an annual rate of 9%. The first monthly payment is made on November 30, 2025. This mortgage is fully amortizing over 240 months. The company counts 30 days in every month.

Compute the amount to be debited to interest expense for the first monthly payment. Round only your answer to the 2 decimal places