Analyzing Interest-Bearing and Noninterest-Bearing Notes Consider the following three separate scenarios for a one-year, $100.000 note payable issued on September 1 of Year 1. Complete the table, using the straight-line methom on note payable. Note: Round your answers to the nearest whole dollar. Cash received upon note issuance Cash paid at maturity date Total interest paid (cash) Interest expense in fiscal Year 1 treerest expense in fiscal Year 2 Amount of liabilities reported on fiscal Year 1 balance sheet Note payable net interest payable *PYE: Fiscal year-end Check $100,000 Note payable 12% Interest due at maturity 12% market rate Borrower's FYE: Dec. 31 100.000 112,000 12.000 4,000 8.000 100,000 4,000 $100,000 Note payable 10% interest due at maturity 10% market rate Borrower's FYE: Nov. 30 100.000 110,000 10.000 2.500 7,500 100.000 2.500 $100,000 Note payable Noninterest-bearing 12% market rate Borrower's FYE: Dec. 31 83,296 100,000 10,714 3.571 7,143 $ 96,429 x

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