On January 1, 2024, the Mountain Company agreed to purchase a building by making six payments. The first three are to be $38,000 each, and will be paid on December 31,2024,2025, and 2026. The last three are to be $53,000 each and will be paid on December 31, 2027, 2028, and 2029. Mountain borrowed other money at a 10% annual rate. Required: 1. At what amount should Mountain record the note payable and corresponding cost of the building on January 1,2024 ? 2. How much interest expense on this note will Mountain recognize in 2024 ? Note: For all requirements, use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of \$1, PV of \$1. EVA of \$1, PVA of \$1, EVAD of \$1 and PVAD of \$1)