1. Using just the information below from a Debt Schedule within a financial model, calculate 2018 interest expense. Make sure to enter your answer as a positive numerical value, i.e. $250 should be entered as 250.
2. Using just the information below from a Debt Schedule within a financial model, calculate 2019 interest expense. Make sure to enter your answer as a positive numerical value, i.e. $250 should be entered as 250

\begin{tabular}{|c|l|l} \hline Long term debt & 2018 & 2019 \\ \hline \begin{tabular}{c} Long term debt (beginning of \\ year) \end{tabular} & $25,000 & \\ \hline \begin{tabular}{c} Mandatory issuances / \\ (retirements) \end{tabular} & 0 & 0 \\ \hline \begin{tabular}{c} Non-mandatory issuances / \\ (retirements) \end{tabular} & ($4,000) & 0 \\ \hline Long term debt (end of year) & & \\ \hline Interest expense & 5% & 5% \\ \hline Interest rate & & \\ \hline \end{tabular}