Arabella held a $$280,000$ note payable from Dobie. The note bears interest at $5\%$ per year $($noncumulative$),$ with interest payments to be made on December $31$ every year. Arabella sold the note to Ginger for $$5,000$ on January $31,$ Year $1.$ Year $1$ is not a leap year. All parties involved are cash receipts method taxpayers with a fiscal year ending December $31.$ Assuming that simple interest is charged instead of compound interest, and assuming that all interest payments were made by Dobie, how much interest income must Ginger recognize from the note in Year $1?$