A company borrowed $79,800 from a bank on January 1, signing a ten-year, 8% note payable. The note requires that the company makes semi-annual (e.g. at the end of every six months) blended payment of $5,871.82 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): 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 (s) 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)