R. t. jackson started jackson company on january 1, 2014. the company experienced the following events during its first year of operation: 1.earned $3,000 of cash revenue for performing services.2.borrowed $4,800 cash from the bank.3.adjusted the accounting records to recognize accrued interest expense on the bank note. the note, issued on august 1, 2014, had a one-year term and a 6 percent annual interest rate. requireda. what is the amount of interest expense in 2013? b. what amount of cash was paid for interest in 2013?