166 points Exercise 13-3 (Algo) Short-term notes [LO13-2] The following selected transactions relate to liabilities of United Insulation Corporation United's fiscal year ends on December 31 2024 January 13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon hank approval. The amount avallable under the line of credit is $27.0 million at the bank's prime rate. February 1 Arranged a three-month bank loan of $6.6 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 13% was payable at maturity. May 1 Paid the 13% note at maturity December 1 Supported by the credit line, issued $16.) 1111n of commercial a Issuance at 12% discount rate. December 31 Recorded any necessary adjusting entry() 2025 September 1 Paid the commercial paper at maturity. ca nie onth note. Interest was discounted at