Janet and James purchased their personal residence 15 years ago for $300,000. For the current year, they have an $80,000 first mortgage on their home, on which they paid $5,600 in interest. They also have a home equity loan secured by their home with a balance throughout the year of $150,000. They paid interest on the home equity loan of $12,000 for the year. Calculate the amount of their deduction for interest paid on qualified residence acquisition debt and qualified home equity debt for 2014. Qualified residence acquisition debt interest  $___________ Qualified home equity debt interest  $  ______________________________________________