Question 1 View Policies Current Attempt in Progress Crane Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022. Crane had the following transactions related to notes payable Sept. 1 Issued a $14.400 note to Pippen to purchase inventory. The 3-month note payable bears interest of 7% and is due December 1. (Crane uses a perpetual inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 Issued a $20,400, 10%. 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Bank note. Nov. 1 Issued a $26.400 note and paid $8,600 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of 6% and matures in 12 months. Nov. 30 Recorded accrued interest for the Pippen note, the Prime Banknote, and the vehicle note. Dec. 1 Paid principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note. Prepare journal entries for the transactions noted above. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) ie Prepare journal entries for the transactions noted above. D Debt Credit Account Titles and beplanation 14400 14400 Oct 1 V Note Payable Notes Puyate Interest Payable D Interest Payable Osta book anda Toe bere to non Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts Notes Payable Interest Expense Interest Payable e Textbook and Media List of Accounts Show the balance sheet presentation of notes puyable and interest payablo at December 31 CRANE CORPORATION Balance Sheet (Partial) e Textbook and Media List of Accounts How much interest expense relating to notes payable did Crane incur during the year? Interest expense incurred during the years e Textbook and Media