On January 1, 2009, Krueger Company issued a $50,000 installment note to State Bank. The note had a 10-year term and an 8 percent interest rate. Krueger agreed to repay the principal and interest in 10 annual payments of $7,451.47 at the end of each year. Determine the amount of principal and interest Krueger paid during the first and second year that the note was outstanding.