Year $1$December $16$Accepted a$($n$)$ $$12,200,60-$day, $10\%$ note in granting Danny Todd a time extension on his past$-$due account receivable.December $31$Made an adjusting entry to record the accrued interest on the Todd note.Year $2$February $14$Received Todds payment of principal and interest on the note dated December $16.$March $2$Accepted a$($n$)$ $$6,500,10\%,90-$day note in granting a time extension on the past$-$due account receivable from Midnight Company.March $17$Accepted a $$2,800,30-$day, $7\%$ note in granting Ava Privet a time extension on her past$-$due account receivable.April $16$Privet dishonored her note.May $31$Midnight Company dishonored its note.August $7$Accepted a$($n$)$ $$8,600,90-$day, $11\%$ note in granting a time extension on the past$-$due account receivable of Mulan Company.September $3$Accepted a $$3,100,60-$day, $8\%$ note in granting Noah Carson a time extension on his past$-$due account receivable.November $2$Received payment of principal plus interest from Carson for the September $3$ note.November $5$Received payment of principal plus interest from Mulan for the August $7$ note.December $1$Wrote off the Privet account against the Allowance for Doubtful Accounts.Required:$1-$a$.$ First, complete the table below to calculate the interest amount at December $31,$ Year $1\mathrm{.}1-$b$.$ Use the calculated value to prepare your journal entries for Year $1$ transactions$\mathrm{.}1-$c$.$ First, complete the table below to calculate the interest amounts$\mathrm{.}1-$d$.$ Use those calculated values to prepare your journal entries for Year $2$ transactions$\mathrm{.}2.$ If Ohlm 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.Required $1$ARequired $1$BRequired $1$CRequired $1$DRequired $2$First, complete the table below to calculate the interest amount at December $31,$ Year $1.$Total Through MaturityInterest Recognized December $31$PrincipalRate $(\%)$TimeTotal interestRequired $1$ARequired $1$B