Please don't copy paste the wrong answer from AI or from somewhere else. please show all the steps. I will upvote if it's right. Q$3.$ Bob the Builder acquires a right to operate a gold mine for $5$ years in Northern Ontario on April $1,$ Year $6$ by paying $$400,000$ and issuing a $$600,000,$ four$-$year, non$-$interest$-$bearing note. According to the terms of the note, Bob has to pay four $$150,000$ installments on the anniversary of the note, starting April $1,$ Year $7.$ At the end of $5^("$th $")$ year, Bob is legally required to restore the site, and he expects to pay $$100,000.$ Since Bob built a Bob the Builder$-$themed playground at the gas station site, the town in Northern Ontario is very excited to have a similar playground in their town. Although not required, Bob knows people expect to have the playground. To Bob's best estimate, he expects to spend $$25,000$ once the site is restored $($for simplicity, let's assume that $$25,000$ will be spent at the end of $5^("$th $")$ year$).$ Out of the $$100,000$ mentioned above, $40$ percent is attributable to the acquisition and the rest to the production of mine. Bob uses the straight$-$line depreciation method and does not adopt any convention for partial$-$ year depreciation. Bob's fiscal year ends on December $31.$ Please assume that Bob uses a $5\%$ effective interest rate for the above transactions. $(1)$ Assuming that $[1]$ Bob prepares his financial statements based on IFRS and $[2]$ Bob does not have any other liabilities other than the those from the above transaction, what would be the total interest expense for Year $6?[7$ marks$](2)$ Assuming that $[1]$ Bob prepares his financial statements based on ASPE and $[2]$ Bob does not have any other liabilities other than the those from the above transaction, what would be the total interest expense for Year $6?[7$ marks$]$