On January 2, 20 18 Tylor Company issued a 4 year, $650,000 note at 9% fixed interest, Interest payable semiannually. Tylor now wants to change the note to a variable rate note. As a result, or January 2, 2018, Tylor Company enters into a interest rate swap where it agrees to receive 8% fixed and pay LIBOR of 5.5% for the first 6 months on $650,000. At each 6 month period, the variable rate will be rest. The variable rate is rest to 6.8% on June 30, 2018. Compute the net interest expense to be reported for this note and related swap transaction as of June 30, 2018. Net Interest expense Compute the net interest expense to be reported for this note and related swap transaction as of December 31, 2018. Not interest expense