A company has an opening cash balance of $$80,000,$ expects cash receipts of $$800,000$ and cash disbursements of $$850,000$ for the first quarter, and desires an ending cash balance of at least $$80,000.$ Assume an interest rate of $1\%$ per quarter and that interest on outstanding loans must be paid at the end of each quarter. How much cash will the company need to borrow at the beginning of the first quarter. calculate the amount of interest expense for the first quarter