These are selected transactions of Crane Company. Crane prepares financial statements quarterly.

Jan. $2$ Purchased merchandise on account from Nunez Company, $$31,000,$ terms $\frac{2}{10},$ n$/30.($Crane

uses the perpetual inventory system.$)$

Feb. $1$ Issued a $9\%,2-$month, $$31,000$ note to Nunez in payment of account.

Mar. $31$ Accrued interest for $2$ months on Nunez note.

Apr. $1$ Paid face value and interest on Nunez note.

July $1$ Purchased equipment from Marson Equipment paying $$10,500$ in cash and signing a $10\%,3-$month, $$70,800$ note.

Sept. $30$ Accrued interest for $3$ months on Marson note.

Oct. $1$ Paid face value and interest on Marson note.

Dec. $1$ Borrowed $$22,800$ from the Paola Bank by issuing a $3-$month, $8\%$ note with a face value of $$22,800.$

Dec. $31$ Recognized interest expense for $1$ month on Paola Bank note.

$($a$)$

$($b$)$

$($c$)$

Show the balance sheet presentation of notes and interest payable at December $31.$