Assume, that on October 14, 2021, Newell Brands, Inc., borrowed $6,400,000 cash from Bank of America to meet short-term obligations. Newell Brands signed a 3% note and promised to repay the note in 120 days. All interest will be paid when the note is due. Assume the company records only the two entries: borrowing and payment. Use 360-day year and round your answer to the nearest dollar.

Required:

Find the maturity date of the note. Maturity date is:

Record the issuance of the note on October 14.

Record payment of the note and interest at maturity.

Account Title	Debit	Credit