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Bayside Corporation began the year owing notes payable of $4.2 million. During the year, Bayside borrowed $1.9 million on notes payable and paid off $1.5 million of notes payable from prior years. Interest expense for the year was $1.3 million, including $0.1 million of interest payable accrued at the end of the year. Show what Bayside should report for these facts on the following financial statements. View the financial statement information. 1. Show what Bayside should report for these facts on the income statement. (Enter amounts in millions as provided to you in the problem statement, X.X.) 2. Show what Bayside should report for these facts on the balance sheet. (Enter amounts in millions as provided to you in the problem statement, X.X.) Financial Statement Information 1. Income statement for the year a. Interest expense 2. Balance sheet as at the end of the year a. Notes payable b. Interest payable