The current liabilities section of the December 31, 2020, balance sheet of Sunland Company included notes payable of $33,000 and interest payable of $660. The note payable was issued to Tanner Company on June 30, 2020. Interest of 4% is payable at maturity, March 31, 2021 The following selected transactions occurred in the year ended December 31, 2021: Jan. 12 31 Feb. 28 Mar. 31 31 Apr. 30 Purchased merchandise on account from McCoy Company for $63,600, terms n/30. Sunland uses a perpetual inventory system Issued a $63,600, three-month, 4% note to McCoy Company in payment of its account. Interest is payable monthly. Paid interest on the McCoy note (see January 31 transaction). Paid the Tanner note, plus interest. Paid interest on the McCoy note (see January 31 transaction). Paid the McCoy note, plus one month's interest (see January 31 transaction). Purchased equipment from Drouin Equipment by paying $30,000 cash and signing a $49,200, 10-month, 5% note. Interest is payable at maturity. Borrowed $130,000 cash from the First Interprovincial Bank by signing a 10-year, 6% note payable. Interest is payable quarterly on December 31, March 31, June 30, and September 30. Of the principal, $13,000 must be paid each September 30. Paid interest on the First Interprovincial Banknote (see September 30 transaction). Aug 1 Sept. 30 Dec. 31 Mar. 31 (To record payment of Tanner note and Interest) (To record payment of interest on the McCoy note) Apr. 30 (Borrowed cash and signed a note.) Paid interest expense.)