Problem 11-02A a-d The following are selected transactions of Swifty Company. Swifty prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, $19,000, terms 3/10, n/30. (Swifty uses the perpetual inventory system Feb. 1 Issued a 996, 2-month, $19,000 note to Nunez in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note. Apr. Paid face value and interest on Nunez note July 1 Purchased equipment from Marson Equipment paying $13,000 in cash and signing a 1096, 3-month, $49,200 note. Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Paid face value and interest on Marson note. Dec. 1 Borrowed $36,000 from the Paola Bank by issuing a 3-month, 8% note with a face value of $36,000. Dec. 31 Recognized interest expense for 1 month on Paola Bank note. Debit Account Titles and Explanation Credit Date SHOW LIST OF ACCOUNTS Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in th previous part.) Notes Payable Interest Payable Interest Expense SHOW LIST OF ACCOUNTS Show the balance sheet presentation of notes and interest payable at December 31 Swifty Company Balance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What is total interest expense for the year? Total interest Click if you would like to Show Work for this question: Open Show Work