Camden Bio began operations in Sept 2021. The following selected transactions relate to liablities of the company for Sept 2021 through March 2022. Camden's fiscal year ends on December 31. Its financial statements are issued in April; 2021 a. On Sept 5, opened checking accounts at Second Com Bank and negotiated a short term line of credit of up to 13000000 at the banks prime rate of 11.5% at the time. The company will pay no commitment fees. b.On Oct 1, borrowed 10 million cashf rom Second Com Bank under the line of credit and issued a five month promissory note. Interest at the prime rate of 11% was payable at maturity. Management planned. to issue 10 year bonds in Feb to repay the note.