The following information is the instructions:

Forecast For Interest Expense of 2021 and 2022

Directions: The interest rate on debt in each forecast year is 0.65 percentage points greater than the average annual implied interest rate from the historical period

Relevant Information:

2019

Revenue: 800446

Short term debt: 129743

Current Portion long term debt: 37069

Long term debt in long term liabilities: 292624

Total Long term Debt: 329693

Total Debt:459436

Interest Expense: 14998

2020:

Revenue: 926851

Short term debt: 116436

Current Portion long term debt: 45149

Long term debt in long term liabilities: 328604

Total Long term Debt: 373753

Total Debt: 490189

Interest Expense: 18851

2021:

Revenue: 1073218

Short Term Debt: 154390

Current Portion long term debt: 60650

Long term debt in long term liabilities: 363110

Total Long term Debt: 423760

Total Debt: 578150

2022

Revenue: 1242698

Short Term Debt: 178771

Current Portion long term debt: 79921

Long term debt in long term liabilities: 400320

Total Long term Debt: 480241

Total Debt: 659012