Agrico Inc. accepted a 10-month, 11% (annual rate), $5,300 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity.

Prepare the horizontal model to record the interest earned by Agrico during its year ended December 31, 2019. (Use amounts with + for increases and amounts with for decreases. Do not round your intermediate calculation. Round your final answers to two decimal places.)