Vineyard Corporation began 2016 owing notes payable of 4.2 w on During 2016. Vineyard borrowed $26 million on notes payable and pedo 524 million of les payable from prior years. Interest expense for the year was $1,5 milion, including 50 4 million of interest payable crued at December 31, 2016 Show what Vineyard should report for these facts on the following financial statements all amounts in milions 1. Income statement for 2016 Interest expense 2. Balance sheet as of December 31, 2016 a. Nos payable b. Interest payable 2016 owing notes payable of $4.2 million. During 2016, Vineyard borrowed $2.6 million on notes paya JU.J million, including $0.4 million of interest payable accrued at December 31, 2016. Show what Vineyard should report for these facts on the following financial statements (Enter all amounts in millions.): 1. Income statement for 2016 a. Interest expense 2. Balance sheet as of December 31, 2016 a. Notes payable b. Interest payable 1. Show what Vineyard should report for these facts on the income statement Accounts Interest expense (In millions) a. 2. Show what Vineyard should report for these facts on the balance sheet. Accounts (In millions) a. Notes payable b. Interest payable payable and paid off 24 min of notes from prior years. Interest expense for the year was Vineyard Corporation began 2016 owing notes payable of $42 millon. During 2016 Vineyard borrowed 26 milions $0.5 million, including 50 4 million of interest payable acred December 31, 2016 Show what Vineyard should report for these facts on the following financial statements (Enterall amounts in millions 1. Income statement for 2016 a. Interest expense 2. Balance sheet as of December 31, 2016 Notes payable b. Interest payable