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These are selected transactions of Sheffield Company Sheffield prepares financialstatements quarterly. Jan. 2 Purchased merchandise...

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These are selected transactions of Sheffield Company Sheffield prepares financialstatements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, 541.000, terms 3/10, n/30, (Sheffield uses the perpetual) Feb. 1 Issued a 9%.2 month. 541.000 note to Nunez in paryment of account. Mar. 31 Accrued interest for 2 months on Nunez note: Apc. 1 Paid face value and interest on Nunez note. Muly: 1. Purchased equipment from Marson Equipment paying $13,000 in cash and signing a 10%.3 month, $52.800 note Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Paid tace value and interest on Marson note. Dec. 1 Borrowed 521.600 from the Paola Aank by issuing a 3-month, 8 \$s note with a face value of 521.800 Dec 31. Recogited interest exeense for 1 month on Paola Bank note. Indented whis a maunt is entord Da nat indeat maseolly. Recera jeurnet refrirs in Phe arder preceatid le the prasiem. Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.) Show the balance sheet presentation of notes and interest payable at December 31 . What is total interent expense for theyear? Totalinterest

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