In 2019, a trust has $2,000 of trust accounting income and $1,600 of distributable net income. The trust properly pays $1,100 to John Smith, a beneficiary, on February 3, 2019, which the trustee elects to treat under Code Sec. 663 (b) (65-day rule) as paid on December 31, 2018. The trust also properly pays to John Smith $1,200 on August 1, 2019, and $900 on January 21, 2020. For 2019, how much may be elected under the 65-day rule as properly paid or credited on the last day of 2019?