Assume that Dean Sales Company completed the following note payable transactions: 2016 Jul 1 Dec 31 2017 Jul 1 8% note payable. Accrued interest on the note payable Paid the note payable at maturity Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2016? (Round your answer to the nearest whole dollar.) Requirement 2. Determine the amount of Dean Sales' final payment on July 1, 2017 1, 2017 is Requirement 3. How much interest expense will Dean Sales report for 2016 and for 2017? (Round your answers to the nearest whole dollar.) The company will report interest expense of in 2016 and in 2017