PART A: If Jacob Inc. had a beginning balance of long term notes payable of $645,000, issued new notes payable during the period of $82,000 and had an ending balance of long term notes payable of $520,000, what were cash payments for notes during the period?

PART B: On September 1, 2019, Coffee Inc. purchased new equipment costing $16,000 with a 9 month , 3% notes payable. Principle and interest are due at the time the note matures on June 1, 2020. Assume Coffee Inc, has a December 31 year-end. What is the amount of interest expense to be recognized in 2020?