The following selected transactions relate to liabilities of Food Emporium whose fiscal year ends on December 31. January 26 Negotiated a line of credit with City Bank that can De renewed annually upon bank approval. The amount available under the line of credit is $3 60 million at the bank's prime rate. March 1 Arranged a six-month bank loan of $480,000 with City Bank under the line of credit agreement Interest at the prime rate of 9% is payable at maturity September 1 Paid the 9% note at maturity. Record the appropriate entries, if any. on January 26. March 1, and September 1 (Enter your answers in dollars, not in millions. Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Negotiated a line of credit with City Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $3.60 million at the bank's prime rate