Ivanhoe Company obtains $$43,200$ in cash by signing a $7\%,6-$month, $$43,200$ note payable to First Bank on July $1.$ Ivanhoe's fiscal year ends on September $30.$ What information should be reported for the note payable in the annual financial statements?

In the balance sheet, Notes Payable of $ $$ and Interest Payable of $ $$ should be reported as $$ In the income statement, Interest Expense of $ $$ should be reported under $$