of Notes Receivable - 10 marks (suggested time: 20 minutes) (v1). Assume that Yummy Food Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions: 2016 Nov. 30 - Sold goods to Srad's Inc., receiving a $32,000 three-month, 5.5% note. Dec. 31 - Made an adjusting entry to accrue interest on the Srad's note. 2017 Feb. 28 - Collected the Srad's note. Mar. 1 - Received a 90-day, 7.25%, $6,400 note from Lutton Ltd. on account. Mar. 1 - Sold the Lutton note to Chelmsford Bank, receiving cash of $6,300 Dec. 16 - Loaned $25,000 cash to BT Thomas Provisions Inc., receiving a 90- day, 8% note Dec. 31 - Accrued the interest on the BT Thomas Provisions Inc. note. Required: Finis Time 1. Record the transactions in Yummy Food's journal. For interest calculations, use a 365-day year for notes receivable issued partway through a month and use a 12-month year for notes receivable issued on the first or last day of a month. Round interest amounts to the nearest dollar 2. Show what Yummy Foods will report on its comparative balance sheet at December 31, 2016 and December 31, 2017