Tuckett Corporation began $2021$ owing notes payable of $$4\mathrm{.}4$ million. During $2021,$ Tuckett borrowed $$2\mathrm{.}1$ million on notes payable and paid off $$1\mathrm{.}9$ million of notes payable from prior years. Interest expense for the year was $$0\mathrm{.}7$ million, including $$0\mathrm{.}2$ million of interest payable accrued at December $31,2021.$

Read the requirements.

Show what Tuckett should report for these facts on the income statement. $($Enter amounts in millions to the nearest tenth of a million, $x.x.)$

$\backslash$table$[[$Account$,($In millions$),],[$a$.$ Interest expense,$$,0\mathrm{.}7]]$

Show what Tuckett should report for these facts on the balance sheet. $($Enter amounts in millions to the nearest tenth of a million, $x.x.)$

Accounts

$($In millions$)$

a$.$ Notes payable

b$.$ Interest payable