Crab Apple Tree Farm has a December 31 fiscal year end. The company has six notes payable outstanding on December 31, 2021, as follows: 1 A 10-month, 5%, $40,800 note payable issued on August 1, 2021. Interest is payable monthly on the first day of each month starting on September 1. 2. A four-month, 4%, $19,200 note payable issued on September 1, 2021. Interest and principal are payable at maturity. A six-month, 4.5%, $33,600 note payable issued on November 1, 2021. Interest and principal are payable at maturity. 3. 4. 5. 6. A five-year, 3.5%, $81,600 note payable issued on March 31, 2021. Crab Apple Tree Farm is required to pay $16,320 plus interest on March 31 each year starting in 2022. A six-year, 5%, $172,800 note payable issued on October 1, 2021. Crab Apple Tree Farm is required to pay $2,400 plus Interest on the first day of each month starting on November 1, 2021. All payments are up to date. A four-year, 5%, $52,400 note payable issued on January 31, 2020. Crab Apple Tree Farm is required to pay $13,100 every January 31 starting in 2021. Interest is payable monthly on the last day of each month, starting on February 28, 2020. Q Ac