On January 2, 2020, Martinez Co. issued a 4-year, $102,000 note at 6% fixed interest, interest payable semiannually. Martinez now wants to change the note to a variable-rate note. As a result, on January 2, 2020, Martinez Co. enters into an interest rate swap where it agrees to receive 6% fixed and pay LIBOR of 5.80% for the first 6 months on $102,000. At each 6-month period, the variable rate will be reset. The variable rate is reset to 6.70% on June 30, 2020. (a) Compute the net interest expense to be reported for this note and related swap transaction as of June 30, 2020. Net interest expense June 30, 2020 $ (b) Compute the net interest expense to be reported for this note and related swap transaction as of December 31, 2020. Net interest expense December 31, 2020 $