On July 31, 2016. Edgmont Corp. purchased $44,000 of inventory on a one-year, 5-percent note payable Interest payable at December 31, 2016. was $917 Show what Edgmont Corp. reports for the note payable and re interest payable on its balance sheet at December 31, 2016, and on its income statement for the year ended on that date GEERT Let's start by entering the statement labels, accounts, and amounts relating to the note payable on our partial balance sheet (Round your answers to the nearest whole dollar.) Edgmont Corp Balance Sheet (partial) December 31, 2016 Assets Liabilities Current liabilities h Next let's show the impact the note payable has on our partial income statement paydi On July 31, 2016, Edgmont Corp. purchased $44.000 or inventory on a one-yeal, 5-percer payable al interest payable on its balance sheet at December 31, 2016, and on its income statement for the year ended on that date. SIR CEYHERILLUEVE Balance Sheet (partial) December 31, 2016 Assets Liabilities Current liabilities: Next, let's show the impact the note payable has on our partial income statement Edgmont Corp. Income Sheet (partial) For the Year Ended December 31. 2016 Revenue Expenses