QUESTION 2: On November 1, 2018, Sportswear, Inc "Sportswear") signs a note payable in the amount of S50,000. The note is a 90-day note, with a 12% interest rate. (1) What is the TOTAL interest that Sportswear will pay over the life of the note? Show calculations. If Sportswear makes monthly adjusting entries, how November (2) much interest expense is accrued on 30, 2018? Journalize the entry. Show all calculations. (3) If Sportswear makes annual adjusting entries, how much interest expense is accrued on 31, 2018? Journalize the entry. Show all calculations. December