Boba Express Unlimited issued $1 million of 36-month, LIBOR + bank notes on Jan 1, 2018. Boba Express is exposed to the risk that general interest rates will rise, causing the interest expense on its debt to rise. To hedge against this cash flow risk, the firm entered into an 36-month interest rate swap agreement on Jan 1 and designated the swap as a hedge against changes in the interest rates of the note. The swap calls for the company to pay interest based on a 10% fixed interest rate on a notional amount of $1 million and to receive payment based on a floating interest rate tied to changes in general rates. Cash settlement of the net interest amount is made semiannually at Jun 30 and Dec 31 of each year, with the net interest being the difference between the $50,000 fixed interest [$1 million (10% )] and the floating interest rate, times $1 million at those dates. Floating (market) settlement rates were 11% at Jun 30, 2018, 12% at Dec 31, 2018, 11% at Jun 30, 2019, 9% at Dec 31, 2019, 10.5% at Jun 30, 2020, and 11% at Dec 31, 2020. Fair values of both the derivative and the note resulting from those market rate changes are assumed to be quotes obtained from securities dealers. Prepare a schedule of changes in net interest, fair values and cash flows, and, journal entries for all years of the hedge periods; using the Sample Format