The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31 2016 Jan.13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank Feb.1 Arranged a three-month bank loan of $8.4 million with Parish Bank under the line of credit May 1 Paid the 10% note at maturity approval. The amount available under the line of credit is $30.0 million at the bank's prime rate agreement. Interest at the prime rate of 10% was payable at maturity Dec.1 Supported by the credit line, issued $18.3 million of commercial paper on a nine-month note Interest was discounted at issuance at a 9% discount rate Recorded any necessary adjusting entry(s). 31 2017 Sept.1 Paid the commercial paper at maturity Required Prepare the appropriate journal entries through the maturity of each liability 2016 and 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.)