P1 1 - 28 The Following are selected transactions of Lindblom Company . Lindblom PICTURES financial statements quarterly . Jan . 2 Purchased merchandise on account from Evers Company, $ 20.070, terms 2/10 w/30 . ( Lindblom uses the perpetual inventory system .! Feb .` Issued a 1286, 2 - month, $ 20, 000 note to Evers in payment of account . Mar. 31 Accrued interest for ? months on Ever note . APT.` 1 Paid face value and interest on Evers note . July ` Purchased equipment from Francisco Equipment paying $ 12,000 in cash and sinning a 1086, 3- month, $ 10. 000 note . Sept. 30 Accrued interest for } months on Francisco note. Oct . 1 Paid face value and interest on Francisco note . Dec . Borrowed $ 25, 000 From the National Bank by issuing a 3 - month , 12% note* with a face value of $ 25, QOD. DEC . 31 Recognized interest expense for I month on National Bank note . ( a ) Prepare journal entries for the above transactions and events . ( 1) Post to the accounts , Notes Payable , Interest Payable , and Interest EXPENSE. ( c) Show the balance sheet presentation of notes and interest payable at December 31 . ( It! What is total interest songs for the year