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Problem 10-02A (Part Level Submission) Sheridan Corporation sells rode dimino products and we operates at indoor cimbing facility for dimbing enthusiasts. During the last part

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Problem 10-02A (Part Level Submission) Sheridan Corporation sells rode dimino products and we operates at indoor cimbing facility for dimbing enthusiasts. During the last part of 2022, Sheridan had the following transactions related to notes payable. Sept. 1 Issued a $1,400 note te plopen to purchase inventory. The 3-month note payable bears interest of 6% and is due December 1. (Sheridan uses a perpetual inventory wystem.) Sept. 30 Recorded accrued Interest for the Pippen note, Oct. 1 lowed a $22,100,1%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced dimbers. The note is due February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Dank note Nov 1 round a 10,000 note and paid $1,600 canh to purchase a vehide to transport clients to nearby cimbing sites as part of a new series of dimbing dasses. This note bears interest of 6% and matures in 12 months Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Dec. 1 Pald pindpal and interest on the Pippen note Dec. 31 Recorded accrued interest for the Prime Banknote and the vehidin note. (d) How much interest expense relating to notes payable did Sheridan incur during the year? Interest expense incurred during the year

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