Westwood Corporation began 2020 owing notes payable of $3.9 million. During 2020, Westwood borrowed $1.7 million on notes payable and paid off $1.6 million of notes payable from prior years. Interest expense for the year was $0.9 million, including $0.4 million of interest payable accrued at December 31, 2020. Show what Westwood should report for these facts on the following financial statements. (Enter all amounts in millions.) 1. Income statement for 2020 a. Interest expense 2. Balance sheet as of December 31, 2020 a. Notes payable b. Interest payable 1. Show what Westwood should report for these facts on the income statement. Accounts (In millions) a. Interest expense 2. Show what Westwood should report for these facts on the balance sheet. Accounts (In millions) a. Notes payable b. Interest payable