Problem 11-02A a-d The following are selected transactions of Swifty Company, Swilly prepares financial statements quarterly Jan. 2 Purchased merchandise on account from Nunez Company, $32,000, terms 3/10, n/30. (Swifty uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $32,000 note to Nunez in payment of account. Mar 31 Accrued interest for 2 months on Nunez note Apr. 1 Puld face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $12,000 in cash and signing a 10%, 3-month, $60,000 note. Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Pald face value and interest on Marson note. Dec. 1 Borrowed $19,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $19,200. Dec. 31 Recognized interest expense for 1 montin Paola Banknote. Prepare journal entries for the sted transactions and events. (Credit account titles are automatically indented when amount is entered to not indent manually. Re Journal entries in the order presented in the problem.) Date Accounts and Explanation Debit Show the balance sheet presentation of notes and interest payable at December 31. Swifty Company Balance Sheet (Partial) CALCULATOR Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previou Notes Payable Interest Payable Interest Expense What is total interest expense for the year? Total interest