Sherlock Sports Authority purchased inventory costing $32,000 by signing a 10% short-term, one-year note payable. The purchase occurred on July 31, 2021, K Sherlock pays annual interest each year on July 31. Read the requirements First, journalize the company's (a) purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Date 2021 Jul 31 Journal Entry Accounts Debit Credit Requirements Journalize the company's (a) purchase of inventory; (b) accrual of interest expense on April 30, 2022, which is the company's fiscal year-end; and (c) payment of the note plus interest on July 31, 2022. (Round your answers to the nearest whole number.) (d) Show what the company would report for liabilities on its balance sheet at April 30, 2022, and on its income statement for the year ended on that date. - able ear- (d) Show what the company would report for liabilities on its balance sheet at April 30, 2022, and on its income statement for the year ended on that date. Begin by showing what the company would report for liabilities on its balance sheet at April 30, 2022 Balance Sheet (partial) on April 30, 2022 Account Amount Now show what the company would report on its income statement for the year ended April 30, 2022. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Income Statement (partial), April 30, 2022 Account Amount