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The following events apply to Koosman Co

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The following events apply to Koosman Co. for fiscal 2012 and 2013:

Borrowed $72,000 from the local bank on April 1, 2012, when the company was started. The note had an 8% annual interest rate and a one-year term to maturity.

Recognized $188,000 of revenue on account in 2012.

Recognized $252,000 of revenue on account in 2013.

Collected $164,000 cash from accounts receivable in 2012.

Collected $246,000 cash from accounts receivable in 2013.

Paid $116,000 of salaries expense in 2012.

Paid $138,000 of salaries expense in 2013.

Paid the loan and interest at the maturity date.

What amount of interest expense would be reported on the 2012 income statement?