On January 1, 2021, West Company acquired a tract of land for P1,000,000. The entity paid P100,000 down and signed a two-year promissory note for the balance plus 10% interest compounded annually. The note matures on January 1, 2023. Complete the table below: Jan 1, 2021 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 STATEMENT OF FINANCIAL POSITION Note payable Discount on note payable Net Interest payable STATEMENT OF COMPREHENSIVE INCOME Interest expense