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On August 31, 2020 Alexander Ltd. borrowed $175,000 from a bank by signing a 12-year, 7% note payable. The terms of the note called for blended principal and interest payments of $10,898 every six months on February 28 and August 31. a) What amount of principal will be paid in 2021? b) Journalize the entry to accrue interest on December 31, 2021. c) Prepare a partial balance sheet for December 31, 2010 for any accounts related to this note. Jackson Atari had the following shares issued and outstanding on January 1, 2020: $1.75 cumulative, convertible preferred shares, 18,000 outstanding $160,000 Common shares, 72,000 outstanding $274,000 n On February 17, 18% of the preferred shareholders converted to common shares. One preferred share could be converted into four common shares. On March 12, the Board of Directors declared a 5% stock dividend to all common shareholders of record on March 20 to be distributed on March 31. The common share price was $3.20 on the declaration date, $3.35 on the date of record and $3.50 on the distribution date. On October 1 the company split their common stock 2:1 and then repurchased all of the common shares for $2.00 each SFF TEMPLATE AREA FOR REQUIRED