Smithsonian Industries purchased a supply of electronic components from Sunshine Corporation on October 31, 2021. In payment for the $1,080,000 million purchase, Smithsoninised a 1-year installment note to be paid in equal monthly payments of $95.957 at the end of each month. The payments include interest at the rate of 12%. What is the amount of interest expense that Smithsonian will report in its income statement for the year ended December 31, 2021? (Do not odd dollar sigru do not add comme by yourself to your amount round the answer to the whole number