Suzy industries purchased a supplly of electronic components from wolf corporation on October $31,2024.$

In pyament for the $800,000$ purchase, suzy issued a $1$ year installment note

to be paid in equal monthly payments of $73,344$ at the end of each month.

The payments include interest at the rate of $18\%.$

What is the amount of interest expense that suzy will report in its income statement

for the year ended December $31,2024?$