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The balance of Long Corporation's accounts payable at the beginning of the most recent year was $46,000. At the end of the year, the accounts payable balance was $52,000. Long's sales revenue for the year was $3,140,000, while its cos of goods sold for the year was $1,519,000. Calculate Long's days' payable outstanding (DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Long's suppliers are n/30, how would you interpret Long's DPO? (Round the DPO to two decimal places, X.XX.) Long's days' payable outstanding for the year is On February 1, 2022, Ronald Company purchased inventory costing $94,000 by signing a 9%, nine-month, short-term note payable. Ronald will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory and (b) accrual of interest on the note payable on August 31, 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory