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 2 120,000 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 1 Prepare the journal entry to record the issuance of the note. 2 Record accrued interest expense for the period ending December 31, Year 1. 3 Prepare the journal entry to record the payment of the note at maturity. Credit Note : = journal entry has been entered Record entry Clear entry View general journal 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 2, what is the revised amount of Interest accrued at the end of Years 1 and 2? Year 1 Year 2