These are selected transactions of Swifty Company. Swifty prepares financial statements quarterly. Jan. Feb. Mar. Apr. July Sept. Oct. Dec. Dec. 2 1 31 1 1 30 1 Purchased merchandise on account from Nunez Company, $32,000, terms 3/10, n/30. (Swifty uses the perpetual inv Issued a 9%, 2-month, $32,000 note to Nunez in payment of account. Accrued interest for 2 months on Nunez note. 1 Paid face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $12,000 in cash and signing a 10%, 3-month, $60,000 note. Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note. Borrowed $19,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $19,200. 31 Recognized interest expense for 1 month on Paola Bank note.

These are selected transactions of Swifty Company. Switty prepares francial statements quarterly. 1an. 2 Purchased merchandise on account from Nunez Company, $32,000, terms 3/10,1/30,15 wifty uses the perpetual irv Feb, 1 Issued a 95,2 -month, $32,000 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 Marton Equipment povine $12.000 in cash and sigring a 10,3-month, $60,000 note. Sept. 30 Acrued interest for 3 months on Marson note. Oct 1 Paid face value and interest on Marson note. Dee 1 Borrowed \$19,200 trom the Paola Eank by issuine a 3-month, 85 note with a face value of $19,200, Dec 31 Recognized interest expense for 1 month on Paola Eanknote Pont to the accounts Notei Payable, interest Payable, and interest Eapense ipost entries m ihe onder of jarnal entries preiented is ithe prrvlous part) Show the Bdance sheet prviefkakise th hotes and interest parable at December al What is lotal inderest emperde for the year? Tolad Inerest