Perez company borrowed $60,000 from the National Bank on April, 2022, on a three-year, 8.7% note. Interest is paid annually on April 1. If required, round amounts to the nearest dollar. Required: 1. Record the borrowing transaction in Perez's journal. 2022, Apr. 1 Cash 60,000 Notes Payable 60,000 (Record issuance of note at par) 2. Prepare the adjusting entries made at December 31, 2022 and 2023. 2022, December 31 Interest Expense 3,915 3,915 Interest Payable (Record interest expense) 2023, December 31 Interest Expense 3,915 3,915 Interest Payable (Record interest expense) 3. Prepare the necessary journal entry to recognize the first interest payment on April 1, 2023. For those boxes in which no entry is required, leave the box blank. 2023, Apr. 1 Interest Expense 1,305