I don't know what I am doing wrong but help would be appreciated. Thanks ahead

On January 1, 2021, Labtech Circuits borrowed $210,000 from First Bank by issuing a three-year, 9% note, payable on December 31, 2023. Labtech wanted to hedge the risk that general interest rates will decline. causing the fair value of its debt to increase. Therefore, Labtech entered into a three-year interest rate swap agreement on January 1, 2021, and designated the swap as a fair value hedge. The agreement called for the company to receive payment based on an 9% fixed interest rate on a notional amount of $210,000 and to pay interest based on a floating interest rate tied to LIBOR. The contract called for cash settlement of the net interest amount on December 31 of each year. Floating (LIBOR) settlement rates were 9% at inception and 10%,3%, and 3% at the end of 2021, 2022 and 2023, respectively. The fair values of the swap are quotes obtained from a derivatives dealer. These quotes and the fair values of the note are as follows: January 1 2021 December 31 2021 2022 $ (2,859) $ 2,035 $ 2023 Fair value of interest rate swap Fair value of note payable $210,000 $207,141 $212,035 $210,000 Required: 1. Calculate the net cash settlement at the end of 2021, 2022 and 2023. 2. Prepare the journal entries during 2021 to record the issuance of the note, interest, and necessary adjustments for changes in fair value. 3. Prepare the journal entries during 2022 to record interest, net cash interest settlement for the interest rate swep, and necessary adjustments for changes in fair value. 4. Prepare the journal entries during 2023 to record interest, net cash interest settlement for the interest rete swep, necessary adjustments for changes in feir value and repayment of the debt. 5. Calculate the book values of both the swop account and the note in each of the three years. 6. Calculate the net effect on earnings of the hedging arrangement in each of the three years. (Ignore income taxes.) 7. Suppose the fair value of the note at December 31, 2021, had been $206.000 rether than $207141 with the additional decline in fair value due to investors' perceptions that the creditworthiness of Labtech was worsening. How would that affect your entries to record changes in the fair values? Answer is not complete. Complete this question by entering your answers in the tabs below. Raduired 1 Required 2 Required 3 Required 4 | Required 5 quired 6 Raduired? Calculate the net cash settlement at the end of 2021, 2022, and 2023. (Negative amounts should be indicated by a minus sign. 2021 $ 2.100) December 31 2003 2020 2100 $ 2100 Not interest recents) Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Prepare the journal entries during 2021 to record the issuance of the note, interest, and necessary adjustments for changes in fair value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No General Journal Credit Date January 01, 2021 Cash Notes payable Debit 210,000 1 210,000 2 18,900 December 31, 202 Interest expense Cash 18,900 3 December 31, 202 Interest expense Cash 2,100 2,100 4 2,859 December 31, 202 Interest expense Interest rate swap >> 2,859 5 2,859 December 31, 202 Notes payable Interest expense 2,859 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Prepare the journal entries during 2022 to record interest, net cash interest settlement for the interest rate swap, and necessary adjustments for changes in fair value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit 1 December 31, 202 Interest expense 18,900 Cash 18,900 2 2,100 December 31, 202 Cash Interest expense 2,100 3 4,894 December 31, 202 Interest rate swap Interest expense 4,894 4 4,894 December 31, 202 Interest expense Notes payable 4,894 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Prepare the journal entries during 2023 to record interest, net cash interest settlement for the interest rate swap, necessary adjustments for changes in fair value, and repayment of the debt. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date General Journal Debit Credit December 31, 202 Interest expense 18,900 Cash 18,900 No 1 2 2,100 December 31, 202 Cash Interest expense 2,100 3 2,035 December 31, 202 Interest expense Interest rate swap > 2,035 4 > 2,035 December 31, 202 Notes payable Interest expense 2,035 5 210,000 December 31, 202 Notes payable Cash 210,000 worsening. How would that affect your entries to record changes in the fair values? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Calculate the book values of both the swap account and the note in each of the three years. Date Swap Note Balance Balance December 31, 2021 S 2,859 Credit S 207,141 Credit December 31, 2022 $ 2,035 Debit $ 212,035 Credit December 31, 2023 $ $ 0 Required 4 Required 6 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Calculate the net effect on earnings of the hedging arrangement in each of the three years. (Ignore income taxes.) (Negative amounts should be indicated by a minus sign.) Net effect on earnings 2021 (18,900) 2022 S 2023 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Suppose the fair value of the note at December 31, 2021, had been $206,000 rather than $207,141 with the additional decline in fair value due to investors' perceptions that the creditworthiness of Labtech was worsening. How would that affect your entries to record changes in the fair values? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less No Date General Journal Debit Credit 1 December 31, 202 Interest expense > Cash 2 December 31, 202 Interest expense >> Cash 3 December 31, 202 Interest expense Interest rate swap 4 December 31, 202 Notes payable Interest expense