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Check my work On January 1, 2018, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be

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Check my work On January 1, 2018, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $32,000 each, and will be paid on December 31, 2018, 2019, and 2020. The last three are to be $47,000 each and will be paid on December 31, 2021, 2022, and 2023, Montgomery borrowed other money at a 12% annual rate. Eyats PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of S) (Use appropriate factor(s) from the tables provided.) Required 2. How much interest expense on this note will Montgomery recognize in 2018? (For all requirements, Round your final answers to nearest whole dollar amount.) . Amount recorded 2 Interest expense 30 g 5 8 9

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