Question $5$ of $12$

$\frac{5\mathrm{.}67}{8\mathrm{.}5}$

Current Attempt in Progress

Chris Anderson Company had the following transactions involving notes payable.

June $1,2022$

Dec. $1,2022$

Dec. $31,2022$

Mar. $1,2023$

Mar. $1,2023$

Borrows $$91,000$ from First National Bank by signing a $9-$month, $12\%$ note.

Borrows $$117,000$ from Sycamore State Bank by signing a $3-$month, $10\%$ note.

Prepares adjusting entries.

Pays principal and interest to Sycamore State Bank.

Pays principal and interest to First National Bank.

$($a$)$

$($b$)$

$($c$)$

What amount of interest expense is reported in the $2022$ income statement and in the $2023$ income statement?

$\backslash$table$[[,2022,2023],[$Amount of Interest Expense $$,$$$,]]$