Nicole thinks that her business, Nicole's Getaway Spa (NGS), is doing really well and she is planning a large expansion. With such a large expansion, Nicole will need to finance some of it using debt. She signed a one-year note for $53,000, payable to the bank with a 6 percent interest rate. The note was issued October 1,2020, interest is payable semi-annually, and the end of Nicole's accounting period is December 31. Required: 1. Prepare the journal entries required from the issuance of the note until its maturity on September 30, 2021, assuming that no entries are made other than at the end of the accounting period, when interest is payable and when the note reaches its maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) \begin{tabular}{|l} \hline 1 Record the issuance of Note. Record the transaction. \\ \hline 2 Record the interest for the note. Record the transaction. \\ \hline 3 Record the payment of interest for the note semi- \\ annually. Record the transaction. \\ \hline 4 Record the interest for the note. Record the transaction. \\ \hline 5 Record the cash payment on maturity of the note. Record \\ the transaction. \\ Note : = journal entry has been entered \end{tabular} Assume at December 31, 2020, Kraft Heinz Foods Inc. reported the following amounts (in millions) in its financial statements: Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2020 and 2019. (Round your answers to 2 decimal places.) 2-a. Using the answers of requirement 1 determine whether, in 2020, creditors were providing a greater (or lesser) proportion of financing for Kraft's assets? Greater Lesser 2-b. Using the answers of requirement 1 determine whether, in 2020, Kraft was more (or less) successful at covering its interest costs, as compared to 2019 ? More Less