Vallarta Company recently reported notes payable and accrued payrolls and benefits as follows:

Current liabilities (partial): ....................December 31, 2017... 2016 (in millions of dollars)

Notes payable ........................................................$ 26 ......$ 78

Accrued payrolls and benefits ......................................270...... 298

Assume that, during 2017, Vallarta Company borrowed $3.0 million on notes payable. Also assume that Vallarta paid $250 million for employee compensation and benefits during 2017.

Required

1. Compute Vallarta Company's payment of notes payable during 2017.

2. Compute Vallarta Company's employee compensation expense for 2017.