At January 1, 2024, Marin Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2023. All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Marin prepares adjusting entries at the end of its calendar fiscal year. Additional transactions of 2024 were: Mar. 1 Signed a $11,100, one-year, 8% note to Lalonde Ltd. in settlement of an accounts payable. Interest is due at maturity. Oct. 30 Signed a $4,800, three-month, 4.5% note to Hanover Ltd. in settlement of an accounts payable. Interest is due at maturity. Nov. 30 Borrowed from RBC $10,800 cash in exchange for a two-year, 9% note with interest due at maturity. Prepare any adjusting entry required on December 31, 2021. (Round answers to 2 decimal places, es. 5276. Credlt account dties ore automatically indented when the amount is entered. Do not Indent manually. If no entry Is required, select "No Entry" for the occount tities and enter O for the amounts.) What amount will appear under interest expense for Har's income statement for the year ended December 31,2021 . Where will this amount be classified on the income statement? (Round answer to 2 decimal places, e.g. 52.76)