During the past few years, D-1404 Company has taken out the following loans from the bank: 1) On October 1, 2025, D-1404 Company borrowed $64,000 on an 18%, 11-month note payable 2) On June 1, 2026, D-1404 Company borrowed $63,000 on a 12%, 9-month note payable Calculate the total amount of interest expense related to these two loans that D-1404 Company would report in its 2026 income statement assuming a year-end of December 31.