Shelley's Bar and Grill completed the below note-payable transactions. Readtherequirement. 1. How much interest expense must be accrued as of December 31, 20X1? (Round your answers to the nearest whole dollar.) \begin{tabular}{|c|c|c|c|c|} \hlinex & x & & 12= & Accrued interest \\ \hlinex & x & & 12= & \\ \hline \end{tabular} 2. Determine the amount of Shelley's final payment on July 31,202. (Round your answers to the nearest whole dollar.) 3. How much interest expense will Shelley's report for 20X1 and for 20X2? (Round your answers to the nearest whole dollar.) \begin{tabular}{|ll|} \hline August 1, 20X1: & Purchased kitchen equipment costing $75,000 by issuing a one-year, 8% note. \\ December 31, 20X1: & Accrued interest on the note payable. \\ August 1, 20X2: & Paid the note payable at maturity. \\ \hline \end{tabular} Required Answer these questions for Shelley's Bar and Grill: 1. How much interest expense must be accrued as of December 31,201 ? 2. Determine the amount of Shelley's final payment on July 31, 20X2. 3. How much interest expense will Shelley's report for 20X1 and for 20X2