On January 1, Year 1, KASE borrowed $200,000 on a 6-year, 7% installment note payable. The terms of the note require KASE to pay 6 equal payments each December 31 for 6 years. The cumulative Interest Expense through December 31, Year 4 is: On January 1, Year 1, KASE borrowed $200,000 on a 6-year, 7% installment note payable. The terms of the note require KASE to pay 6 equal payments each December 31 for 6 years. The Cash payment on December 31, Year 2 is