1. Calculate and record journal entries for the interest expense for the stub period Dec 31 as well as for each month of Q1 '22.

Deferred Payments Loan Amount Term Rate 5750000 5 Years, quarterly interest payments, paid on last day of quarter 6.00% Annual Rate - paid 1.5% quarterly # Days in Month No. Month End Date Payment Date Payment Interest Principal Balance Current Portion of LT Debt LT Debt Change in Current Position $ 1 0 S 2 0 S 12/23/2021 12/31/2021 1/31/2022 2/28/2022 3/31/2022 4/30/2022 5750000 5750000 5750000 5750000 5750000 5750000 $ 28,750.00 $ 28,750.00 3/31/2022 $ 86,250.00 $ 28,750.00 $ 28,750.00 $ 28,750.00 $5,750,000.00 $5,750,000.00 $5,750,000.00 $5,750,000.00 $5,750,000.00 $5,750,000.00 3 0 $ $ $ $ $ $ 4 0 $ S 5 0