A Transactions Shelley's Bar and Grill completed the following note-payable transactions: (Click the icon to view the transactions.) Answer these questions for Shelley's Bar and Grill 1. How much interest expense must be accrued at December 31, 2017? 2. Determine the amount of Shelley's final payment on July 31, 2018 3. How much interest expense will Shelley's report for 2017 and for 2018? 2017 Aug 1 Purchased kitchen equipment costing $85,000 by issuing a one-year, 3% note. Dec 31 Accrued interest on the note payable. 2018 Aug 1 Paid the note payable at maturity. 1. How much interest expense must be accrued at December 31, 2017? (Round your answer to the nearest whole number.) The amount of interest expense to be accrued at December 31, 2017 is $|| Print Done 2. Determine the amount of Shelley's final payment on July 31, 2018. (Round your answer to the nearest whole number.) The amount of Shelley's final payment on July 31, 2018 is $ . 3. How much interest expense will Shelley's report for 2017 and for 2018? (Round your answers to the nearest whole number.) Interest expense for 2017:$ Interest expense for 2018: $