To meet its short-term financial needs for the year 2020, Amin Enterprise issued on 1/9/2020, 8% notes payable of $1,000,000 for 11 months. On 1/11/2020 issued another 6% notes payable of $750,000 for 5 months. The proceeds from the Notes payable are to be used for financing the purchase of goods for resale under a profit margin of 14 percent. The bond of November is honored one month before the due date. To augment its short-term financial resources, Amin Enterprise purchased goods on credit from suppliers, amounting to $2,100,000 for 4 months credit facilities under a profit margin of 12%. The purchase was conducted on 1/10/2020. Required: 1. Journalize the relevant transactions including the honoring of obligations of notes payable, accounts payable and implications on current liability, 2. How you assess the liquidity status of the enterprise if its current assets are around 5000000 and prepare the current liability section for the year 2020. 3. What is the total amount of current liability of the enterprise in 2021, assuming the enterprise will issue 7 month notes payable of $4000000 on ist of March 2021.provide detailed computation for your