72,000*0.05*2/12 is equal to 600 but why is it wrong?

Reporting Financial items in the Balance Sheet Alexa Corp. is preparing its balance sheet at December 31, 2020. The 7 items listed below are under consideration. For each of the items described, determine the amount(s) to be recognized on the balance sheet and classify each amount as one of the following: (a) current assets, (b) investments, (a) property, plant, and equipment (dh other assets, (e) current liabilities, or in long-term liabilities. More than one amount may apply to an item. Round amounts to the nearest dollar. 1. Note payable, long term, 5144,000 originating on December 31, 2020. This note will be paid in installments. The first installment of 518,000 is to be paid August 1, 2021. 's 18.000 v$ 126,000 f 2. Bonds payable, 39, $360,000 at December 31, 2020. Annual interest on the bond is paid on January 1, 2021. vs 350.000 10.800 e 3. Bond sinking fund, 572,000; this fund is being accumulated to retire the bonds at maturity. 72.000 4. Rent paid in advance for the first quarter of 2021 on a short-term lease, 510,800. $ 10.800 5. Accounts payable, $25,200, due to suppliers in terms ranging from 30 to 60 days 25,200 6. A 3-year, 5%, $72,000 note payable to bank originating on November 1, 2020, requires quarterly interest payments. vs 600 x 72.600 x e 7. Year-end bonuses, based upon 2020 reported net income, are estimated to be 554,000 and are payable March 15, 2021. v 54.000