On August 1, 2022, The Outets at Ma Lake, inc, purchased inwontory costing $48,000 by signing a 14%, six-month, short-term note payable. The company will pay the entire note (principal and inforest) on the note's mahurity dato. Read the resuremonts Requirement 1. Joumalive the company/s purchase of invertory. (Record debds first, then credis. Exclude explanutons from journal entries.) Requirements 1. Journalize the company's purchase of inventory. 2. Make the adjusting entry for accrual of interest on the note payable on December 31 , 2022. 3. At December 31,2022 , what is reported on the balance sheet related to this note payable? 4. Record the payment of the note payable (principal and interest) on its maturity date