LO (Short-term borrowing and investing transactions) A local govemment operates on a calendar-year basis. Prepare journal entries to record the following transactions and events for calendar year 2018. 1. On February 1,2018, borrowed $400,000 on tax anticipation notes (TANs). The TANs will be repaid E4-28. 2. To prepare for issuing financial statements for 2018, acecrue interest on the TANs through December 3. Invested $100,000 in a certificate of deposit (CD) on April i, 2018. The CD, which pays interest of 4. The CD matured on September 30, 2018 with 1.0 percent interest on January 31, 2019, 31, 2018. 0.8 percent, will mature on September 30.2018