Current Attempt in Progress On November 1, 2021, Waterway Farm Equipment sold a harvesting machine to Stead Industries. Instead of a cash payment, Stead Industries gave Waterway Farm Equipment a $109,000, two-year, 6.0% note. The note required interest to be paid quarterly starting February 1, 2022. Waterway Farm Equipment's financial statements are prepared on a calendar-year basis. The following instructions refer only to this note receivable. Prepare journal entries for Waterway Farm Equipment for the full term of the note. Include the sale of the equipment on Nov. 1. 2021, receipt of interest, adjusting entries required on December 31, 2021 and 2022, and the collection of the note on November 1, 2023. Ignore Cost of Goods Sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cred ENG What amount will reported for interest revenue for Waterway's income statements for the years ended December 31, 2021. 2022, and 2023? Assuming Waterway prepares a multiple-step income statement, how will interest revenue be classified? WATERWAY FARM EQUIPMENT Partial Statement of Income 2023 2022 2021 $ $ Interest revenue $ Show how notes and interest receivable will be reported on Waterway's classified balance sheet at December 31, 2021 2022. and 2023? (List Current Assets in order of liquidity) WATERWAY FARM EQUIPMENT Partial Balance Sheet 2023 2022