Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2024, Howell Enterprises purchases a building for $349,000, paying $59,000 down and borrowing the remaining $290,000, signing a 8%, 10-year mortgage. Installment payments of $3,518.50 are due at the end of each month, with the first payment due on January 31, 2024. 4. Total payments over the 10 years are $422,220 ($3,518.50 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? (Round your final answers to the nearest whole dollar amount.)

\begin{tabular}{|l|l|} \hline Interest expense & \\ \hline Actual payments on the loan & \\ \hline \end{tabular}