On November 30, 2018, Statewide Bank loaned $1,000,000 to Gavin Produce, Inc, on a one-year, 9 percent note Read the tequirements Requirement 1. Compute the interest on Start by determining the formula needed to compute interest the note for the years ended December 31, 2018, and December 31 2019 Round interest calculations to the nearest dollar ; Amount ofinterest Now determine interest for the years ended December 31, 2018 and 2019, on the Gavin Produce note Interest for 2018: Interest for 2019 Requirement 2. Which party has a. a note receivable b, a note payable c. interest revenue Gavin Produce Statewide Bank Requirement 3. How much in total would GavinProduce, Inc pay the bank f it pays off the note early on June 30. 20199