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Sunland Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Sunland had the following

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Sunland Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Sunland had the following transactions related to notes payable. Sept. 1 Issued a $15,600 note to Pippen to purchase inventory. The 3-month note payable bears interest of 8% and is due December 1. (Sunland uses a perpetual inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 Issued a $19,200,8%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Banknote. Nov. 1 Issued a $25.200 note and paid $8,100 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of 7% and matures in 12 months Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note, Dec. 1 Paid principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note. entries in the order presented in the probl .) e Prepare journal entries for the transactions noted above. C low automatically indeed when amount is entier Date Account Titles and Explanation Post the above entries to the Notes Payable Interest Payable, and Interest Expense accounts. Post entries in the order of journal entries Notes Payable Interest Payable unt Show the balance sheet presentation of notes payable and interest payable at December 31 hoa SUNLAND CORPORATION Balance Sheet (Partial) lendar Inbox Help e Textbook and Media List of Accounts TE How much interest expense relating to notes payable did Sunland incur during the year? Interest expense incurred during the years e Textbook and Media List of Accounts

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