Described below are certain transactions of Carla Vista Company for 2021: 1. On May 10, the company purchased goods from Fox Company for $72,400, terms 2/10, n/30. Purchases and accounts payable are recorded at net amounts. The invoice was paid on May 18. 2. On June 1, the company purchased equipment for $94,800 from Rao Company, paying $34,800 in cash and giving a one-year, 9% note for the balance. 3. On September 30, the company discounted at 11% its $200,000, one-year zero-interest-bearing note at Virginia State Bank, receiving $180,000. Prepare the journal entries necessary to record the transactions above using appropriate dates. Company uses the periodic inventory system. (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 Credit Prepare the adjusting entries necessary at December 31, 2021 in order to properly report interest expense related to the above transactions. Assume straight-line amortization of discounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 (To record interest expense) Dec. 31 (To record amortization of discount) SHOW LIST OF ACCOUNTS Indicate the manner in which the above transactions should be reflected in the Current Liabilities section of Carla Vista Company's December 31, 2021 balance sheet. Current Liabilities