Cait's Bar and Grill completed the following note payable transactions: 0 (Click the icon to view the transactions.) Answer these questions for Cait's Bar and Grill: 1. How much interest expense must be accrued at December 31, 2020? 2. Determine the amount of Cait's final payment on July 31, 2021. 3. How much interest expense will Cait's report for 2020 and for 2021? Transactions - X res Whol 2020 Aug 1 Purchased kitchen equipment costing $65,000 by issuing a one-year, 8% note Dec. 31 Accrued interest on the note payable. 2021 Aug 1 Paid the note payable at maturity. rest Print Done javascript:doExercise 4)