Problem 7-5A (Algo) Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following transactions are from Ohim Company. Note: Use 360 days a year. Year 1 December 16 nocepted a(n)$13,600,60 day, 10 , note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of prineipal and interest on the note dated December 16 . Narch 2 Accepted a(n) $8,000,10%,90-day note in granting a time extension on the past-due account receivable from Nidnight Company. March 17 necepted a $2,800,30-day, 7e note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Nidnight Company dishonored its note. August 7 nccepted a(n)$7,950,90-day, 10t note in granting a time extension on the past-due account receivable of Kulan Company. September 3 nccepted a $3,670,60-day, 8 t note in granting Noah Carson a tine extension on his past-due account November 2 Received paynent of principal plus interest from Carmon for the september 3 note. November 5 Received paynent of principal plus interest from Malan for the Mugust 7 note. December 1 Wrote off the Privet account against the Mllowance for Doubtful hecounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions. 2. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31 , Year 1