The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly.

Jan 2	Purchased merchandise on account from Nunez Company, $18,000, terms 2/10, n/30. (Blanco uses the perpetual inventory system.)
Feb 1	Issued a 9%, 2-month, $18,000 note to Nunez in payment of account.
March 31	Accrued interest for 2 months on Nunez note.
Apr 1	Paid face value and interest on Nunez note.
July 1	Purchased equipment from Marson Equipment paying $10,000 in cash and signing a 10%, 3-month, $48,000 note.
Sept 30	Accrued interest for 3 months on Marson note.
Oct 1	Paid face value and interest on Marson note.
Dec 1	Borrowed $18,000 from the Paola Bank by issuing a 3-month, 8% note with a face value of $18,000.
Dec 31	Recognized interest expense for 1 month on Paola Bank note.

A. Post the accounts Notes Payable, Interest payable, and Interest Expense.

B. What is the total interest expense for the year?