Wildhorse Corporation sells rock-cimbing products and also operates an indoor climbingtaclity for climbing enthuslasts. During the last part of 2022, Wildhorse had the following transactions related to notes payable Sept. 1 Issued a $13.200 note to Plppen to purchase Inventory The 3-manth note payablebears interest of 9% and is due December 1 (Wildhorse uses a perpetual Inventory system) Sept. 30 Recorded accrued interest for the Plppen note Oct. 1 Issued a $22,800, 9% , 4-monthinote to Prime Bank to inance the purchise of a new climbing wall for advanced climbers The note is due February 1 Oct.31 Recorded accrued Interest for the Pippen note and the Prime Bank note Nov. 1 Issued a $24,000 note and paid $7600 cash to purchase a vehide to transport clilents to nearby clinbing sites as part of a new series of climbing classes. This note bears interest of 6% and matures in 12 months Recorded accrued interest for the Pippen note, the Prime Bank note and the vehidle note. Nov. 30 Dec 1 Pald principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Bank note ahd the vehicle note. Your answer is incorrect x Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Credit Date Account Titles and Explanation Debit Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts.(Post entries in the order of journal entries posted in the previous part of the question.) Notes Payable 9/1 13200 12/1 13200 10/1 22800 12/31 46800 11/1 24000 12/31 Bal. 60000 12/31 Bal 60000 Interest Expense 9/30 396 10/31 909 11/30 1029 12/31 633 12/31 Bal. 2967 Interest Payable 9/30 12/1 118 396 10/31 909 11/30 1029 12/31 633 12/31 Bal 12/31 Bal 2967 2967 eTextbook and Media Uist of Accounts Your answer is partially correct Show the balance sheet presentation of notes payable and interest payable at December 31 WILDHORSE CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Payalle 1779 Notes Payable 46800 How much interest expense relating to notes payable did Wildhorse incur during the year? $ Interest expense incurred during the year eTextbook and Media List of Accounts