25 3. Employee salaries of $19,500 for the month of December will be paid in early January 2022. 4. On November 1, 2021, the company borrowed $250,000 from a bank. The note requires principal and interest at 12% to be paid on April 30, 2022. 5. On December 1 2021 the company received $7.500 in cash from another company that is renting office space in Falwell's building