Perfect Picture Inc. (PPI) experlenced the following transactions during Year 2 . The transactions are summarized (transaction data pertain to the full year) and ilmited to those that affect the company's current liabilities. PPI had cash sales of $833,000. The state requires that PPI charge customers an 6 percent sales tax (ignore cost of goods solo). 2 PPI pald the state sales tax authorty $44,000. On March 1, PPI Issued a note payable to the County Bank. PPI recelved $63,000 cash iprincipal balance). The note had a one-year term and a 6 percent annual interest rate. On December 31, PPI recognized accrued interest on the note issued in Event 3. On December 31, PPI recognized warranty expense at the rate