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:

2% Cash Interest	1% Effective Interest	Premium Amortization	Carrying Value
$800	$412	$388	$40,812

Group of answer choices

Interest Expense $408; Carrying Value $40,420

Interest Expense $408; Carrying Value $41,220

Interest Expense $412; Carrying Value $40,420

Interest Expense $412; Carrying Value $41,220