Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Issue Date Maturity Date Principal Rate July 1, Year 1 April 1, Year 2 280,000 Required: 1. Use your spreadsheet to recalculate the amounts related to the note and then prepare the related journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Credit July 01 Debit 280,000 Cash Notes Payable 280,000 2 December 31 Interest Expense Interest Payable required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Date July 01 General Journal Credit Cash Notes Payable Debit 280,000 280,000 2 December 31 Interest Expense Interest Payable 3 April 01 280,000 Notes Payable Interest Payable Interest Expense Cash 2. Assuming the rate changes to 7%, what is the revised amount of interest accrued at the end of Years 1 and 2? Year 1 Year 2 3. Assuming the maturity date also changes to February 1 Year and 2? e revised amount of interest accrued at the end of Years 1 Year 1 Revise your worksheet based on these new assumptions and then answer the questions that follow, 39,000 Number of units sold Estimated units needing warranty Estimated warranty cost per unit Portion of units fixed in current year Alternative: Portion of units fixed in current year Required: 1. What are the revised amount of estimated warranty units and future warranty costs? Units Future Warranty Costs