Praxis Co.'s employees are eligible for retirement with benefits at the end of the year in which both age 60 is attained and they have completed 35 years of service. The benefits provide 15 years' reimbursement for health care services of $30,000 annually, beginning one year from the date of retirement. Juan Diaz was hired at the beginning of 1985 by Praxis after turning age 22 and is expected to retire at the end of 2023 (age 60). The discount rate is 3%. The plan is unfunded. Calculate, with respect to Juan, the interest cost to be included in Praxis's 2022 postretirement benefit expense, rounded to the nearest dollar.