Singer Company has a line of credit with United Bank. Singer can borrow up to $455,500 at any time over the course of the Year 1 calendar year. The following table shows the prime rate expressed as an annual percentage along with the amounts borrowed and repaid during the first three months of Year 1. Singer agreed to pay interest at an annual rate equal to 2.00 percent above the bank's prime rate. Funds are borrowed or repaid on the first day of each month. Interest is payable in cash on the last day of the month. The interest rate is applied to the outstanding monthly balance. For example, Singer pays 5.25 percent (3.25 percent + 2.00 percent) annual interest on $82,100 for the month of February. Amount Borrowed or (Repaid) $ 82,100 119,000 (15,500) Prime Rate for the Month Month January February March 3.25% 2.25 2.75 Required Provide all journal entries pertaining to Singer's line of credit for the first three months of Year 1. (Round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Debit Date General Journal Credit 82,100 Jan 01 Cash 82.100 Line of credit payable Jan 31 Interest expense 359 359 Cash Feb 01 Cash 119,000 119,000 Line of credit payable 291 4 Feb 28 Interest expense 291 Cash 15,500 Mar 01 Line of credit payable 15,500 Cash 6 Mar 31 Interest expense 796 796 Cash