Prepare an explanation and show calculations for the following scenarios: The company ABC has the following obligations of December 31. 1 - A promissory note, obligation to pay for 100,000 in two years. 2 - A mortgage payable in 10 years for 300,000 payable in 10 annual payments of 30,000 each. 3 - Interest payable from 15,000 e a mortgage. 4 - Accounts payable of 60,000 For each obligation payable, indicate whether it is classified as a short-term liability or do not explain your answer. The company XYZ borrowed 88,500 on September 1, 2016 from Banco del Golfo for which it signed a promissory note or obligation to pay for 88,500 12% one year term What is the interest generated as of December 31, 2016?