On January 1, 2019, Rami Company purchased equipment from Ali Distributors. There was no established market price for the equipment which has a 10 year life and no salvage value Rami gave Ali a $200,000 zero-interest-bearing note payable in 5 equal annual installments of $40,000, with the first payment due December 31, 2019. The prevailing rate of interest for a note of this type is 9%. The present value of the note at 9% was $144,200. Assuming that Rami uses the straight-line method of depreciation, what amounts will be reported on the company's 2019 income statement for interest expense for the note and equipment?