_E eztomheducationcom 0' l 0 l 13:1 1 Chapter 23 Cash Budgets 0 Saved Help Save 8. Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to quest 4 033 On February 1, Willmar Corporation borrowed $100,000 from its bank by signing a 12 percent, 15-year note payable The note calls for points 180 monthly payments of $1,450. Each payment includes an interest and a principal component. Exercise 23.6 (Algo) Budgeting for Interest Expense (LO23-4, L023-5) a. Compute the interest expense in February. b. Compute the portion of Willmar's March 31 payment that will be applied to the principal of the note. (Round your intermediate calculations and final answer to the nearest dollar amount.) c. Compute the carrying value of the note on April 30. (Round your intermediate calculations and final answer to the nearest dollar amount.) 0 Answer is complete but not entirely correct. Interest a. expense 3 1,000 o b. Principal $ 455 o c. Carrying value $ 98,636 0 Next ) %