3. On January 1, 2019, ABC Co. bought a new machine. ABC signed a note agreeing to pay $350,000 on December 31, 2022. The market interest rate for this note is 5%. What would be the interest expense recorded on December 31, 2019 for this note? 4. ABC Co. has reached the end of their accounting period. This period, ABC estimated the cost of earned vacation time by their employees to be $225,000. What would ABC's accountants record as the adjusting entry at the end of the fiscal year: 5. Based on question 4, what would the accountants record if all the employees take vacations the next summer