Please help me solve this problem On January $2,2025,$ Cheyenne Co$.$ issued a $4-$year, $$148,000$ note at $6\%$ fixed interest, interest payable semiannually. Cheyenne now

wants to change the note to a variable$-$rate note.

As a result, on January $2,2025,$ Cheyenne Co$.$ enters into an interest rate swap where it agrees to receive $6\%$ fixed and pay LIBOR

of $5\mathrm{.}60\%$ for the first $6$ months on $$148,000.$ At each $6-$month period, the variable rate will be reset. The variable rate is reset to $6\mathrm{.}60\%$

on June $30,2025.$

$($a$)$ Compute the net interest expense to be reported for this note and related swap transaction for the $6-$month peroid ending June $30,$

Net interest expense June $30,2025,$$

$($b$)$ Compute the net interest expense to be reported for this note and related swap transaction for the $6-$month peroid ending

December $31,2025.$

Net interest expense December $31,2025,$$