Please help. Need step by step instructions for the calculations, and correct procedure selection with explanation.

LUKE'S GENERAL STORE Long-Term Debt Ite 48,250 180,351 228,601 12/31/X7 Balance 228,601 12, 700 Use Drop-down in cells below Select Procedure Select Procedures Select Procedure(s) Select Procedure(s) List of Auditing Procedures : 2 4 Current Portion of Long Term Debt Note Payable (non-current portion) Total Long-Term Debt 12/31/X6 Principal Additions Balance Note Payable $ 273,450 (5.15% annual rate, 60 mos) Client Interest Expense for year ended 12/31/X7 Payments (44,849) A B C D E G Agree beginning balance to previous year' s audit workpapers_ Foot\cross-foot to ensure mathematical accuracy _ Agree to confirmation sent to lender Agree to General Ledger balances _ Compare to amortization schedule principal payments to ver$' correct _ Perform analytical procedure, interest is deemed reasonable based on outcome of procedure _ Agree ending balance to anionization schedule _ Performed analytical procedure, interest is NOT deemed reasonable based on outcome of Instructions: Items 1 through 4 represent the items that an auditor ordinarily would find on a client-prepared debt analysis. The accompanying "List of auditing procedures represents substantive auditing procedures. For each item above, select one or more procedures, as indicated, that the auditor most likely would perform to gather evidence in support of that item. The procedures on the list may be selected once, more than once, or not at all. Use the drop-down list in column G to select the procedure(s). For the Interest Expense, complete the analytical procedure on the right. 1) Show your calculation for the estimated interest expense amount 2) Show your calculation for the acceptable range (use +/- 5%) 3) Compare the client's amount to the acceptable range and select Yes (within the range) or No (not within the range) 4) Determine if the client's interest expense is reasonable and select Yes or No ocedure _ Client's beginning balance of note payable Client's ending balance of note payable Average balance 1) Calculate auditors estimated interest expense: 2) Calculate auditors estimated acceptable range: 3) Compare to client's interest expense of: 273,450 228,601 251,026 12,700 Is the client's interest expense within the acceptable estimated range? 4) Is the client's interest expense considered reasonable and adequate? Select Answer Select Answer