On January 2, 2018, Jensen Corporation sells equipment it manufactured to Lewisburg Fabricators in exchange for a $90,000 note due in four years. The note bears no stated interest rate, but requires the entire $90,000 to be repaid at the end of four years. Jensen recently sold the same equipment to another company for $63,758. When Lewisburg Fabricators sought bank financing for this purchase the company was offered the funds at 9%, but decided to let Jensen hold the note.

How much is interest expense in 2019?

What will be the balance in Jensen's Notes Receivable account at the end of 2019?