** What would be the appropriate journal entry for this exercise? 2. Notes payable. Sentry Security Systems purchased $72,000 of office equipment on April 1, 19X3, by signing a three-year, 12% note payable to Sharp, Inc. One-third of the principal, along with interest on the outstanding balance, is payable each April 1 until maturity. (The first payment is due in 19X4.) a. Fill in the following table to reflect Sentry's liabilities, assuming a March 31 year-end. March 31 19X4 19X5 19X6 Current liabilities Current portion of long-term debt 24,000 24, 000 24,000 Interest payable 8,640 5,760 2,880 Long-term liabilities Long-term debt 48,000 24,000 b. Assuming that interest is properly recorded at the end of each year, present the proper journal entry to record the last payment on April 1, 19X6