Cimmaron Sports Authority purchased inventory costing $22,000 by signing a 12% short-term note payable. The purchase occurred on March 31, 2014. Cimmaron pays annual interest each year on March 31. Journalize the company's (a) purchase of inventory: (b) accrual of interest expense on December 31, 2014, which is the year-end; and (c) payment of the note plus interest on March 31, 2015. (Round your answers to the nearest whole number.) (d) Show what the company would report on its balance sheet at December 31, 2014, and on its income statement for the year ended on that date. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Debit Credit Date 2014 March 31