mework Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $160,000 cash on November 1, 2017, by signing a 120day, 8% note with a face value of $160000. 1. On what date does this note mature? (Assume that February has 28 days) March 27, 2018 March 28, 2018. March 29, 2018. March 30, 2018. March 01, 2018. 2. & 3. What is the amount of Interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the nearest whole dollar) Interest Interest through maturity Expense 2017 Expense 2018 $ 160,000 60,000 160,000 Rate (%) Time 8% 2