On June 1, 2020, Ben borrowed $500,000 from Tan Incorp and signed a 8% one-year note payable with all interest and principal due at maturity. The interest on this loan is stated separately. The financial year ended on 31 August each year. (a) What will be the amount Ben must pay on maturity date? (2 marks) (b) What will be the interest expense to be recognized in the Income Statement of Ben for year ended 31 August 2020? (2 marks) (c) What will be the total liability to be included in the balance sheet at 31 August 2020 for this loan? (2 marks) (d) Record the joumal entry in the book of Ben on maturity date to settle the note. (4 marks)