P1 Part 1: On July 1, 2021, Ross-Livermore Industries (RLI) issued nine-month notes in the amount of $600 million. Interest is payable at maturity and the interest rate is 8%. 1. Record the issuance of the note 2. Record the Adjusting entry for a 12/31 year-end. 3. Record the Payment of the note. Part 2 (implicit interest): Assume instead RLI issued the note to purchase inventory. The inventory could have been purchased for cash for 560 million. Also assume that RLI's fiscal year end is 10/31 instead of 12/31. 1. Record the issuance of the note 2. Record the Adjusting entry for a 10/31 year-end. 3. Record the Payment of the