On February 1, 2011, Willmar Corporation borrowed $100,000 from its bank by signing a 12 percent, 15-year note payable. The note calls for 180 monthly payments of $1,430. Each payment includes an interest and a principal component.

a.	Compute the interest expense in February. (Omit the "$" sign in your response.)

Interest expense

$

b.	Compute the portion of Willmar's March 31, 2011, $1,430 payment that will be applied to the principal of the note. (Round intermediate calculations and your final answer to the nearest dollar amount. Omit the "$" sign in your response.)

Principal

$

c.	Compute the carrying value of the note on April 30, 2011 (round to the nearest dollar). (Round intermediate calculations and your final answer to the nearest dollar amount. Omit the "$" sign in your response.)

Carrying value

$