The January 1 , Year 1 trial balance for the Parker Company is found on the trial balance tab. The beginning balances are assumed. Garcia Company entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1 April 20 Purchased $51,750 of merchandise on credit from Gonzalez, terms n/30. May 19 Replaced the April 20 account payable to Gonzalez with a 90 -day, 10%,$38,000 note payable along with paying $13,750 in cash. July 8 Borrowed $114,000 cash from MTR Bank by signing a 120-day, 6\%, $114,000 note payable. August 17 Paid the amount due on the note to Gonzalez at the maturity date. November 5 Paid the amount due on the note to MTR Bank at the maturity date. November 28 Borrowed $72,000 cash from Austin Bank by signing a 60-day, 12\%, $72,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Austin Bank. Year 2 January 27 Paid the amount due on the note to Austin Bank at the maturity date. \& Answer is complete but not entirely correct. (x) Answer is complete but not entirely correct. Prepare the January 27, Year 2 journal entry to record the payment of the Austin note at maturity. Par NOT prepare reversing entries