Problem: Module 3 Textbook Problem 1 Learning Objective: 3-1 Show how notes payable and related interest expense affect financial statements Abardeen Corporation borrowed $121,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. interest ond principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for iaterest in Year 1 ? b. What amount of interest expense was recognized on the Year t income statement? (Do not round intermediate calculations. Round your answer to the nearest doltar amount) c. What amount of totol linbilities was reported on the December 31. Year 1, balance sheet? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) d. What total amount of cash was paid to the bank on March 3t, Yesr 2 , for principal and interest? e. What amount of interest expense was reported on the Yoar 2 income stotement? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)