[The following information applies to the questions displayed below.] Following are transactions of Danica Company.

Dec.		13		Accepted a $20,000, 45-day, 9% note in granting Miranda Lee a time extension on her past-due account receivable.
		31		Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise 7-12 Notes receivable transactions LO C2

Complete the table to calculate the interest amounts at December 31^st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.)