Question 27 4 pts On January 1. Year 1. KASE borrowed $476,259 on a 5-year, 7.3% installment note payable. The terms of the note require KASE to pay 5 equal payments each December 31 for 5 years. The cumulative Interest Expense through the end of July 31 Year 3 is: o 22.309 63,524 101.223 O 85.833 Question 28 4 pts On January 1, Year 1, KASE borrowed $476,259 on a 5-year, 7.3% installment note payable. The terms of the note require KASE to pay 5 equal payments each December 31 for 5 years. The Notes Payable balance at the end of December 31 Year 3 is: O 242,080 O 210,823 O 109.124 124,990