Answer the following questions. $($Round interest rate to $0$ decimal places, e$.$g$.5\%.)(1)$ If the note has been outstanding $6$ months, what is the annual interest rate on that note?The annual interest rate$\%(2)$ If the company paid $$17,500$ in salaries in $2025,$ what was the balance in Salaries and Wages Payable on December $31,2024?$The balance in Salaries and Wages Payable