During the past few years, Joseph Company has taken out the following loans from the bank:...

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During the past few years, Joseph Company has taken out the following loans from the bank: 1. On June 1, 2026, Joseph Company borr owed $60,000 on a 13%, 10-month note payable 2. On March 1, 2026, Joseph Company bor rowed $39,000 on a 14 %, 5-month note payable 3. rowed On April 1, 2027, Joseph Company bor $63,000 on a 12%, 8-month note payable On July 31, 2027 Joseph Company borr owed $51,000 on an 8%, 9-month note payable Calculate the total amount of interest exp ense related to these four loans that Joseph Company wo uld report in its 2027 income statement. During the past few years, Joseph Company has taken out the following loans from the bank: 1. On June 1, 2026, Joseph Company borr owed $60,000 on a 13%, 10-month note payable 2. On March 1, 2026, Joseph Company bor rowed $39,000 on a 14 %, 5-month note payable 3. rowed On April 1, 2027, Joseph Company bor $63,000 on a 12%, 8-month note payable On July 31, 2027 Joseph Company borr owed $51,000 on an 8%, 9-month note payable Calculate the total amount of interest exp ense related to these four loans that Joseph Company wo uld report in its 2027 income statement.