On January 1,2024 , the Mountain Company agreed to purchase a building by making six payments. The first three are to be $28,000 each, and will be paid on December 31,2024,2025, and 2026 . The last three are to be $43,000 each and will be paid on December 31,2027,2028, and 2029 . Mountain borrowed other money at a 12% 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 S1. PV of S1. EVA of S1, PVA of S1. EVAD of S1 and PVAD of S1)