Please I need help with this question for accounting class ASAP. Thank you.

Consider the following note payable transactions of Cargo Video Productions. A(Click the icon to view the transactions.) Requirements 1. Journalizo the transactions for the company. 2. Considering the given transactions only, what are Cargo Video Productions' total liabilities on December 31, 2019? Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) May 1, 2018: Purchased equipment costing $96,000 by issuing an eight-year, 6% note payable. The note requires annual principal payments of $12,000 plus interest each May 1. Date Accounts and Explanation Debit Credit 2018 May 1 Dec 31, 2018: Accrued Interest on the note payable. Date Accounts and Explanation Debit Credit 2018 Dec. 31 May 1, 2019: Paid the first installment on the note. Date Accounts and Explanation Debit Credit 2019 May 1 Dec 31, 2019: Accrued interest on the note payable. Date Accounts and Explanation Debit Credit 2019 Dec. 31 Requirement 2. Considering the given transactions only, what are Cargo Video Productions total liabilities on December 31, 2019? The total liabilities of Cargo Video Productions on December 31, 2019 are More Info May 1, 2018 Purchased equipment costing $96,000 by issuing an eight-year, 6% note payable. The note requires annual principal payments of $12,000 plus interest each May 1. Accrued interest on the note payable. Dec. 31, 2018 May 1, 2019 Paid the first installment on the note. Dec. 31, 2019 Accrued interest on the note payable. Print Done