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Exercise II. (15 points) On November 1, 2018, Alpha Co. borrowed $150,000 from Eastern Bank and signed a 12%, 9-month note payable, all due at

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Exercise II. (15 points) On November 1, 2018, Alpha Co. borrowed $150,000 from Eastern Bank and signed a 12%, 9-month note payable, all due at maturity. The interest on this loan is stated separately. Required: How much must Alpha Co. pay to Eastern Bank on July 1st, 2019, when the note matures? How much interest expense will Alpha Co. recognize on this note in 2019? At December 31, 2018, Alpha Co.'s overall liability (principal + interest) for this loan amounts to

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