Elsa's Bar and Grill completed the following note-payable transactions: (Click the icon to view the transactions.) Answer these questions for Elsa's Bar and Grill: 1. How much interest expense must be accrued at December 31,2020 ? 2. Determine the amount of Elsa's final payment on July 31, 2021. 3. How much interest expense will Elsa's report for 2020 and for 2021 ? 1. How much interest expense must be accrued at December 31, 2020 ? (Round your answer to the nearest whole number.) The amount of interest expense to be accrued at December 31,2020 , is $ 2. Determine the amount of Elsa's final payment on July 31, 2021. (Round your answer to the nearest whole number.) The amount of Elsa's final paymehit on July 31, 2021, is \$ 3. How much interest expense will Elsa's report for 2020 and for 2021 ? (Round your answers to the nearest whole number.) Interest expense for 2020: \$ Interest expense for 2021: \$ Transactions 2020 Aug. 1 Purchased kitchen equipment costing $90,000 by issuing a one-year, 4% note. Dec. 31 Accrued interest on the note payable. 2021 Aug. 1 Paid the note payable at maturity