A company borrowed $78,900 from a bank on January 1, signing a nine-year, 4% note payable. The note requires that the company makes semi-annual (e.g. at the end of every six months) blended payment of $5,262.80 for interest and principal. Answer the following questions concerning note transactions. Don't round your calculations. 1. The reduction in note principal when the first installment payment is made (nearest 1/100 of a dollar without comma or dollar sign, e.g. 216.78): ho 2. The interest expense recorded when the second installment payment is made (nearest 1/100 of a dollar without comma or dollar sign, e.g. 216.78): 3. The current portion ($) of the notes payable on the balance sheet at the start of the loan: (nearest 1/100 of a dollar without comma or dollar sign, e.g. 16.78)