8 were prepared on December 31, 2024: 0.66 points eBook Print References Debit Credit Interest expense 27,000 Interest payable 27,000 Rent expense 28,125 28,125 930 930 Prepaid rent Interest receivable Interest revenue Additional information: 1. The company borrowed $360,000 on March 31, 2024. Principal and interest are due on March 31, 2025. This note is the company's only interest-bearing debt. 2. Rent for the year on the company's office space is $37,500. The rent is paid in advance. 3. On October 31, 2024, Eldorado lent money to a customer. The customer signed a note with principal and interest at 10% due in one year. Required: 1. What is the interest rate on the company's note payable? 2. The 2024 rent payment was made at the beginning of which month? 3. How much did Eldorado lend its customer on October 31? Note: Do not round your intermediate calculation. 1. Interest rate 2. Month of rent payment 3. Principal 10%