CNE financed this new equipment purchase through a combination of debt and equity. On January $1$st$,$ CNE received a $$800,000$ loan from a commercial bank at $5\%$ interest. Starting on February $1$ st principal and interest payments of $11,700$ are to be paid on a monthly basis over $7$ years. Also, in January CNE issued $$750,000$ of common stock. In this offering, $100,000$ shares were issued at a par value of $$3$ per share. Using an amortization schedule, in the month of April, what will be CNE Inc. interest payment on its $$800,000$ loan? In the month of April what is the remaining dollar amount balance on CNE Inc.$\text{'}$s loan?