Exercise 13-3 Short-term notes [LO013-2 d Insulation Corporation. United's fiscal year ends on December 31 The following selected transactions relate to labilities of Unite 2018 Jan. 13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank Feb. 1 Arranged a three-month bank loan of $2.0 million with Parish Bank under the line of credit May 1 Paid the 13% note at maturity. Dec. 1 Supported by the credit line, issued $17.6 million of commercial paper on a nine-month note. approval. The amount available under the line of credit is $25.0 million at the bank's prime rat agreement. Interest at the prime rate of 13% was payable at maturity. Interest was discounted at issuance at a 12% discount rate. 31 Recorded any necessary adjusting entry(s). 2019 Sept. 1 Paid the commercial paper at maturity. Required Prepare the appropriate journal entries through the maturity of each liability 2018 and 2019. (If no entry is required fora transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter yo answers in whole dollers)