Problems On April 1, Shoemaker Corporation realizes that one of its maid suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that is has a temporary lack of funds that is slowing its production cycle. Shoemaker agrees to lend $600,000 to its supplier using a 12 -month, 11% note. Required: Record the following transactions for Shoemaker. 1. The loan of $600,000 on April 14 . 2. The adjusting entry related to the note, 3. Collection of the note the following year