Analyzing an Adjusted Trial Balance Below is an adjusted trial balance (partial) for Lazer Tag Inc. as of December 31, 2020. Adjusted Trial Balance (Partial) December 31, 2020 Acct. No. Account Debit Credit 104 Accounts receivable $140,000 $ 106 Supplies 31,500 108 Prepaid insurance 26,600 160 Deferred revenue 23,100 202 Salaries payable 28,000 208 Interest payable 7,000 400 Sales revenue 405 Event revenue 2,800,000 69,300 502 Salaries expense 700,000 510 Supplies expense 24,500 515 Insurance expense 520 Interest expense 15,120 7,000 Additional information a. Last year, a corporate client paid a 12-month event fee of $92,400 cash for one planned event per month at Lazer Tag to be applied over 12 months. b. Supplies available on December 31, 2019, were $21,000. c. A two-year insurance policy was purchased on September 1, 2020. The policy was paid in full on September 1, 2020. Premiums had increased from the prior policy. Answer the following questions. 1. If interest expense related to six months of interest expense on a 10% note payable, what is the amount of the note payable? $ 0