2 different questions:

1. Hawkies Inc. has a November 30 fiscal year. On August 1, 2020 Hawkies Inc. paid $ 72000 for rent from August 1, 2020 to July 31, 2021.

Calculate prepaid rent as at November 30, 2020. Round your answer to the nearest dollar.

2. XYZ Inc. has a December 31 fiscal year end. On March 1, 2020, XYZ Inc. borrowed 410000 at 7 percent annual interest repayable on March 1, 2026. The company has no other liabilities that it has to pay interest on.

Calculate interest expense for the year ended December 31, 2020. Round your answer to the nearest dollar.