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1. On January 1,2018, Skylight Films started construction on a new recording studio. The project wil be completed on April 30, 2019. Scheduled payments to contractors are summarized below. January 1, 2018 March 31, 2018 July 1, 2018 s 200 450 February 28, 2019 March 31, 2019 S150 200 600 On January 1, 2018, to finance the project, Skylight Films borrowed $900 on a 5 year note at 6% interest. Freedom's other general outstanding debt includes $1,300 at 7% and $800 at 9%. The 7% The 9% debt was outstanding for all of 2018 and 2019. Skylight Films, fiscal year ends on 1231. (4 pts) Provide the net interest expense recorded on the income statement in 2018. Round debt was borrowed on May 1, 2018 and was outstanding for the remainder of the year and all of 2019. a) calculations to the nearest whole dollar. Round interest rates to one decimal point (5.2%)