On October $1,2025,$ Hope Company borrowed $$74,000$ from

a bank on a $6\%,10-$month note payable. On June $1,2026,$

Hope Company borrowed $$27,000$ from a bank on a $10-$month,

$14\%,$ note payable.

Calculate the total amount of interest expense related

to these two loans that Hope Company would report in

its $2026$ income statement.