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Use the following information for the Exercises $18-19$ below. $($Static$)$

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Following are transactions of Danica Company.

December $13$ Accepted a $$9,500,45-$day, $8\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise $7-18($Static$)$ Notes receivable transactions LO C$2$

Complete the table to calculate the interest amounts at December $31$st and use the calculated value to prepare your journal entries.

Note: Do not round your intermediate calculations. Round "Total interest" answers to nearest whole dollars. Use $360$ days a year.