I need interest income

Problem 16.5A (Algo) Recording the receipt, discounting, and payment of notes receivable. LO 16-3, 16- 4, 16-6, 16-7 m points On May 16. 20X1, Safeway Company received a 90-day, 10 percent, $8,200 interest-bearing note from Black Company in settlement of Black's past-due account. On June 30, Safeway discounted this note at Fargo Bank and Trust. The bank charged a discount rate of 15 percent On August 14. Safeway received a notice that Black had paid the note and the interest on the due date. Required: Prepare the entries in general journal form to record these transactions. Analyze: If the company prepared a balance sheet on July 31. 20X1, how should Notes Receivable-Discounted be presented on the statement? * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. General Journal Analyze Prepare the entries in general journal form to record these transactions. (Use 360 days a year. Round your intermediate calculations and final answers to 2 decimal places.), No Date General Journal Debit Credit May 16, 20X1 Notes receivable 8.200.00 Accounts receivable Black Company 8,200.00 June 30, 20X1 Cash 8.235.08 Interest income 00 090 010 35.08 X Notes receivable-Discounted 8,200.00 Aug. 14, 20X 1 Notes receivable Discounted 8.200.00 Notes receivable 3.200.00