Given the following information from an amortization table, compute the interest expense and the carrying value for the next line of the table, rounding your answer to the nearest dollar:

4% Cash Interest	3% Effective Interest	Premium Amortization	Carrying Value
$1,760	$1,357	$403	$44,842

Interest Expense $1,345; Carrying Value $44,427

Interest Expense $1,345; Carrying Value $46,187

Interest Expense $1,357; Carrying Value $44,427

Interest Expense $1,357; Carrying Value $46,187