what is the formula and answer for the interest expense and interest payable I will rate

a. On August 1, 2022, Rochester Enterprise had signed and recorded a 3.9% bank loan (refer to the tab Worksheet (5) for the amount) due in 3 years. This is the only outstanding note payable. b. Prepaid insurance (see the Worksheet) represents a 6-month insurance policy purchased on December 1, 2022. c. On November 1, 2022, Rochester Enterprise had paid and recorded $30,000 for a 6-month lease for office space. d. Unearned revenue (see the Worksheet) represents a 12-month contract for consulting services that will be performed monthly. The payment from the customer was received and recorded on November 1,2022. e. A physical count revealed that supplies on hand at the end of the month total $2,500. f. Equipment is depreciated on a straight-line basis; residual value is estimated to be $20,000 with an estimated service life of 4 years. The assets were held the entire year. g. On September 1, Rochester Enterprise accepted from Greene Supplies a 6-month note receivable at a 3.0\% annual interest rate. h. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The aging schedule of accounts receivable must be completed to determine management's desired balance for 2022. See tab Aging Analysis (4). i. Accrued wages totaling $50,000 were unpaid and unrecorded at December 31, 2022. j. Utility costs incurred but unrecorded for the month of December were estimated to be $13,000. Account iIties Interest Expense Interest Payable a. On August 1, 2022, Rochester Enterprise had signed and recorded a 3.9% bank loan (refer to the tab Worksheet (5) for the amount) due in 3 years. This is the only outstanding note payable. b. Prepaid insurance (see the Worksheet) represents a 6-month insurance policy purchased on December 1, 2022. c. On November 1, 2022, Rochester Enterprise had paid and recorded $30,000 for a 6-month lease for office space. d. Unearned revenue (see the Worksheet) represents a 12-month contract for consulting services that will be performed monthly. The payment from the customer was received and recorded on November 1,2022. e. A physical count revealed that supplies on hand at the end of the month total $2,500. f. Equipment is depreciated on a straight-line basis; residual value is estimated to be $20,000 with an estimated service life of 4 years. The assets were held the entire year. g. On September 1, Rochester Enterprise accepted from Greene Supplies a 6-month note receivable at a 3.0\% annual interest rate. h. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The aging schedule of accounts receivable must be completed to determine management's desired balance for 2022. See tab Aging Analysis (4). i. Accrued wages totaling $50,000 were unpaid and unrecorded at December 31, 2022. j. Utility costs incurred but unrecorded for the month of December were estimated to be $13,000. Account iIties Interest Expense Interest Payable