Gull Corporation began 2016 owing notes payable of $4.1 million. During 2016, Gull borrowed $1.7 million on notes payable and paid off $1.6 million of notes payable from prior years. Interest expense for the year was $0.6 million, including S0.3 million of interest payable accrued at December 31, 2016 Show what Gull should report for these facts on the following financial statements (Enter all amounts in millions) 1, Income statement for 2016 a. Interest expense 2. Balance sheet as of December 31, 2016 a. Notes payable b. Interest payable 1. Show what Gull should report for these facts on the income statement Accounts In millions) a. Interest expense 2. Show what Gull should report for these facts on the balance sheet Accounts (In millions) a. Notes payable