On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $45,000 each, and will be paid on December 31,2021,2022, and 2023. The last three are to be $60,000 each and will be paid on December 31, 2024, 2025, and 2026. Montgomery borrowed other money at a 10\% annual rate. (FV of \$1. PV of \$1, EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1,2021 ? 2. How much interest expense on this note will Montgomery recognize in 2021 ? (For all requirements, Round your final answers to nearest whole dollar amount.)