Required information [The following information applies to the questions displayed below. On January 1 of year 1, Arthur and Aretha Franklin purchased a home for $1.5 million by paying $200,000 down and borrowing the remaining $1.3 million with a 7 percent loan secured by the home. The Franklins paid interest only on the loan for year 1, year 2, and year 3 (unless stated otherwise). (Enter your answers in dollars and not in millions of dollars. Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) . What is the amount of interest expense the Franklins may deduct in year 2 assuming year 1 is 2019? Deductible interest expense X This is a numeric cell, so please enter numbers only