3. The following are selected 2020 transactions of East Corporation Sept. 1 Purchased inventory from Orion Company on account for OMR 100,000. East Corporation records purchases gross and uses a periodic inventory system. Oct. 1 Issued a OMR 100,000, 12 - month, 7% note to Orion in payment of account. Oct. 1 Borrowed OMR 150,000 from the Sur Bank by signing a 12 - month, zero interest - bearing OMR 162,000 note. Instructions a. Prepare adjusting entries at December 31. b. Compute the total net liability to be reported on the December 31 statement of financial position for: 1. The interest - bearing note. 2. The zero - Interest - bearing