Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,600 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years.

Lease Payment	Cash Payment	Effective Interest			Decrease in Balance			Outstanding Balance
									41,236
1	8,800		??			??			32,436
2	8,800		1,946			6,854			25,582
3	8,800		1,535			7,265			18,317
4	8,800		1,099			7,701			10,616
5	8,800		??			??			??
6	2,600		147			2,453			0

What is the total interest paid over the term of the lease?