21) On June 1, 2021, Gray Company issued a note payable to Fidelity Bank in the amount of $4,800,000, bearing interest at 10%, and payable in four equal annual principal payments of $1,200,000. The first payment for interest and principal was made on June 1, 2022. At December 31, 2022, Gray should record accrued interest payable of? 22) A note payable which is due in more than 12 months is a long-term liability. (True/False) 23) To record any liability, the payment must be probable, reasonably estimated and payable in cash. (True False) 24) Kentucky Company does not have any potentially dilutive securities. In all cases, Kentucky should disclose only one computation for basic earnings per share. (True False)