company finished 1 year and had following transactions

a) on march 1 of current year, company borrowed $60,480 at a 10 percent interest rate to be repaid in five years

b) on last day of current year, company received a $400 utility bill for utilities used in December. The bill will be paid in January of next year

journal entries

1) Record the interest accrued at year end

2) record the utilities incurred at year end

- what is the annual reporting period for this company.