Analyzing Interest-Bearing and Noninterest-Bearing Notes Consider the following three separate scenarios for a one-year, $300,000 note payable issued on September 1, 2020. Complete the table, using the straight-line method to amortize any discount on note payable. Note: Round your answers to the nearest whole dollar. $300,000 Note payable $300,000 Note payable $300,000 Note payable 12% Interest due at maturity 10% interest due at maturity Noninterest-bearing 12% market rate 10% market rate 12% market rate Borrower's FYE*: Dec. 31 Borrower's FYE: Nov. 30 Borrower's FYE: Dec. 31 Cash received upon note issuance Cash paid at maturity date Total interest paid (cash) Interest expense in fiscal year 2020 Interest expense in fiscal year 2021 Amount of liabilities reported on FYE 2020 balance sheet: Note payable (net) Interest payable *FYE: Fiscal year-end Analyzing Interest-Bearing and Noninterest-Bearing Notes Consider the following three separate scenarios for a one-year, $300,000 note payable issued on September 1, 2020. Complete the table, using the straight-line method to amortize any discount on note payable. Note: Round your answers to the nearest whole dollar. $300,000 Note payable $300,000 Note payable $300,000 Note payable 12% Interest due at maturity 10% interest due at maturity Noninterest-bearing 12% market rate 10% market rate 12% market rate Borrower's FYE*: Dec. 31 Borrower's FYE: Nov. 30 Borrower's FYE: Dec. 31 Cash received upon note issuance Cash paid at maturity date Total interest paid (cash) Interest expense in fiscal year 2020 Interest expense in fiscal year 2021 Amount of liabilities reported on FYE 2020 balance sheet: Note payable (net) Interest payable *FYE: Fiscal year-end