You and several classmates are studying for the next accounting exam. They ask you to answer the following questions: (Round answers to O decimal places, eg. 125.) 1. If cash is borrowed on a $82.200, 9-month, 6% note on August 1, how much interest expense would be incurred by December 31? Interest expense $ 2. The cash register total including sales taxes is $44,100, and the sales tax rate is 5%. What is the sales taxes payable? Sales taxes payable $ 3.If $55,380 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized by December 312 Subscription revenue