On December 31, 2020. Tobita Company had the following balances reported on its balance sheet: Notes Receivable Interest Receivable $16,500 $92.25 The following information is available for the notes receivable reported on December 31, 2020, 1 2 3 Customer E Tessler R. Walde D. Deng Total Note Principal $4,500 4,500 7,500 $16.500 Interest Rate 5.00% 4,60% 6.00% Issue Date Nov. 1.2020 Nov. 30, 2020 Dec. 1, 2020 Total Term 3 months 5 months 1 1 year Interest Accrued $37.50 17.25 37.50 592.25 All notes require that the interest be paid on the maturity date of the note. All amounts owing on the notes were paid on time. All notes require that the interest be paid on the maturity date of the note. All amounts owing on the notes were paid on time. Tobita prepares annual adjusting entries on December 31, the company's year end. Additional transactions of 2021: Mar 1 Oct 30 Dec 1 Received a $10,500, twelve-month. 5.00% note from TLalonde in settlement of an accounts receivable interest is due at maturity Received a $3.900, three month. 4.60%note from J. Han in settlement of an accounts receivable. Interest is duet maturity Provided a $10,000 loan to Morgan Industriesin exchange for a two-year 6.00% note with interest due at maturity, Interest on the note is payable each year on November 30, (a) Your answer is correct Prepare all required journal entries related to the notes receivables during 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 derimal places, eg 52.500 (c) Your answer is partially correct Show the amount and presentation for interest revenue on Tobita's multiple step income statement for the year ended December 31, 2021. (Round answer to 2 decimal places, eg. 52.75.) Amount Classification Other Revenues Interest revenue $ 500.25 e Textbook and Media Attempts: 2 of 3 used Subrnit