Tidesin Sporting Goods Inc. began 2017 owing notes payable of $3.4 million. During 2017, the company borrowed $2.4 million on notes payable and paid off $1.7 million of notes payable from prior years. Interest expense for the year was $1.1 million, including $0.2 million of interest payable accrued at December 31, 2017. Show what Tidesin Sporting Goods Inc. should report for these facts on the following financial statements: 1. Income statement a. Interest expense 2. Balance sheet a. Notes payable b. Interest payable 1. Show what Tidesin Sporting Goods should report for these facts on the income statement. Accounts (In millions) a. Interest expense 2. Show what Tidesin Sporting Goods should report for these facts on the balance sheet. Accounts (In millions) a. Notes payable b. Interest payable