James deposits a fixed quarterly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of $80,000$80,000 in 1818 years. Assuming an APR of 3.5%3.5% compounded quarterly, how much of the $80,000$80,000 will James ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.