Your company is carrying the total balance amount of $480,000 in Long-term debt (in the Notes Payable account). Its annual interest rate is 12%. What is the amount of monthly interest expense on this debt? (Put numbers only. Do not include " $ " or a comma "" in your answer. For example, if your answer is $1,000; just put 1000 ). The Canvas will put "." automatically. Question 22 1 pts Your company had $480,000 of Long-term Debt before. Recently, your company made the payment of $120,000 of principal (= borrowed funds). Determine the amount of monthly interest expense (after the partial payment of $120,000 )? The interest rate remains the same. (FYI, interest is charged only on the balance amount.) Again, put numbers only. Do not include " $ " or a comma "": in your answer. For example, if your answer is $1.000; just put 1000 . The Canvas will put "," automatically