On May 1, 20X1. Irving Corp., a calendar year-end company, realizes one of its main suppliers is having difficulty meeting delivery schedules due to lack of funds. The supplier's lack of funds is hurting Irving's own business; therefore, Irving agrees to lend $40,000 in cash to its supplier using a 12-month, 12% note. Required: In the journal below, prepare Irving's entries to (1) record the original loan to the supplier, (2) record accrued interest on December 31, 20x1, and (3) record the cash collection of the note and interest on May 1, 20x2. Note: Round interest calculations to the nearest whole month. Do not include symbols, decimals, or cents in your responses Date Account Name Debit Credit 5/1/X1 Notes Receivable 40000 Cash 40000 12/31/X1 Interest Expense Interest Payable 0 5/1/X2 Cash Note Receivable Interest Receivable Interest Revenue o Please answer all parts of the