On April 1 of the current year, Henry borrows $12,000 from the bank for a year. Because the note is discounted for the interest charge and Henry receives proceeds of $10,200, he is required to repay the face amount of the loan ($12,000) in four equal quarterly payments beginning on July 1 of the current year. Henry is a cash method individual. Read the requirements. Requirement a. What is the amount of Henry's interest expense deduction in the current year with respect to this loan? (Complete all answer boxes. Enter a "O a zero amount) Henry's interest expense deduction in the current year is s Requirement b. Assume the same facts except that the iniial starting date when the repayments begin is April 1 of the following year. What is the amount of Hery's interest expense deduction in the current year? (Complete all answor boxes, Enter a Tr' a zero amount.) Henry's nterest expense deduction in the current year is S ] Requirement c. Assume the same facts as in Part b, except that Henry is an accrual method taxpayer and the loan will be outstanding for one year. What is the amount of his interest expense deduction in the current year? (Complete all answer boxes. Enter a ' a zero amount) s if Henry is and accrual method taxpayer Henrys nterest expense deduct nintre current year s