On Dec. 31, 2050, Gear Dynamics issued a three-year note with a face value of $1,000 and no interim coupon payment. The discount rate for the firms debt capital is 10%. Required: (i) Compute the price of the zero-coupon debt as of Dec. 31, 2050. In addition, (ii) find interest expenses and the balance of the debt principal to be reported at the end of each year, 2051 through 2053.