On January $1$ of this year, Olive Corporation issued bonds. Interest is payable once a year on December $31.$ The bonds

mature at the end of four years. Olive uses the effective$-$interest amortization method. The partially completed

amortization schedule below pertains to the bonds:

What amount of interest expense will be reported on the income statement for $202$ and $203?$

Note: Round your final answers to nearest whole dollar amount.