Sunland Company obtains $37,600 in cash by signing a 7%, 6-month, $37,600 note payable to First Bank on July 1 . Sunland's fiscal year ends on September 30. What information should be reported for the note payable in the annual financial statements? In the balance sheet, Notes Payable of \$ and Interest Payable of \$ should be reported as In the income statement, Interest Expense of \$ should be reported under Sunland Company obtains $37,600 in cash by signing a 7%, 6-month, $37,600 note payable to First Bank on July 1 . Sunland's fiscal year ends on September 30. What information should be reported for the note payable in the annual financial statements? In the balance sheet, Notes Payable of \$ and Interest Payable of \$ should be reported as In the income statement, Interest Expense of \$ should be reported under