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.

Cresent Tree LOC Draw 1 Loan Amount 0 Term Assuming 1 year term, monthly interest only payments with balloon principal payment at maturity Rate 1.75% 1.75% above prime Total LOC 500000 Commitment Fee on Unused LOC 1.00% #Days in Month No. Month End Date Payment Date Payment Interest Principal Balance Current Portion of LT Debt LT Debt Paid (annually) Accrued Balance 0 0 Prime rate - as of 12/24/2021 = 3.25% - = 7 1 0 0 0 0 0 0 0 97.22 430.56 31 2 0 0 0 0 12/24/2021 12/31/2021 1/31/2022 2/28/2022 3/31/2022 4/30/2022 12/24/2021 1/7/2022 2/7/2022 3/7/2022 4/7/2022 5/7/2022 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 28 3 0 0 0 0 97.22 $ 527.78 $ 916.67 $ 1347.22 $ 1763.89 $ Prime Rate change as of 03/16/2022 = 3.5% 31 4 0 0 0 0 388.89 430.56 416.67 30 5 0 0 0 0 0 Cresent Tree LOC Draw 1 Loan Amount 0 Term Assuming 1 year term, monthly interest only payments with balloon principal payment at maturity Rate 1.75% 1.75% above prime Total LOC 500000 Commitment Fee on Unused LOC 1.00% #Days in Month No. Month End Date Payment Date Payment Interest Principal Balance Current Portion of LT Debt LT Debt Paid (annually) Accrued Balance 0 0 Prime rate - as of 12/24/2021 = 3.25% - = 7 1 0 0 0 0 0 0 0 97.22 430.56 31 2 0 0 0 0 12/24/2021 12/31/2021 1/31/2022 2/28/2022 3/31/2022 4/30/2022 12/24/2021 1/7/2022 2/7/2022 3/7/2022 4/7/2022 5/7/2022 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 28 3 0 0 0 0 97.22 $ 527.78 $ 916.67 $ 1347.22 $ 1763.89 $ Prime Rate change as of 03/16/2022 = 3.5% 31 4 0 0 0 0 388.89 430.56 416.67 30 5 0 0 0 0 0