Cullumber Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Cullumber had the following transactions related to notes payable. Sept. 1 Issued a $15,600 note to Pippen to purchase inventory. The 3-month note payable bears interest of 7% and is due December 1. (Cullumber uses a perpetual inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 Issued a $18,000,8%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Bank note. Nov. 1 Issued a $25,200 note and paid $8,100 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of 8% and matures in 12 months. Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Dec. 1 Paid principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note. - Your answer is partially correct. Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 14 Inventory 15,600 Notes Payable 15,600 Sept. 30 4 Interest Expense 21 Interest Payable 91 Equipment 18,000 Notes Payable 18,000 Interest Expense 10 Income Taxes Payable 1 210 Nov. 14 Equipment 33300 Notes Payable 25,200 Cash 8,100 Interest Expense Interest Expense 468 Interest Payable 468 Interest Expense 15,600 Interest Payable 270 Cash 15870 na te Dec. 31 Interest Expense 288 Income Taxes Payable 288 e Textbook and Media List of Accounts X Your answer is incorrect. Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts. (Post entries in the order of journal entries posted in the previous part of the question.) Notes Payable Interest Expense JOOO OOOOO Interest Payable Show the balance sheet presentation of notes payable and interest payable at December 31. CULLUMBER CORPORATION Balance Sheet (Partial) e Textbook and Media List of Accounts X Your answer is incorrect. How much interest expense relating to notes payable did Cullumber incur during the year? Interest expense incurred during the year $