Moor Company sold some machinery to Gale Company on January 1, 2010. The cash selling price would have been $284,310. Gale entered into an instalment sales contract which required annual payments of $75,000, including interest at 10 percent, over five years. The first payment was due on December 31, 2010. The collection of the payments is reasonably assured and measurement is not an issue. What amount of interest income should be included in Moor's 2011 income statement (the second year of the contract)?