The following selected transactions relate to liabilities of rocky mountain adventures. rocky mountain's fiscal year ends on december 31 january 13 negotiate a revolving credit agreement with first bank that can be renewed annually upon bank approval. the amount available under the line of credit is $10 million at the banks prime rate. february 1 arrange a three-month bank loan of $3.4 million with first bank under the line of credit agreement. interest at the prime rate of 8% is payable at maturity. may 1 pay the 8% note at maturity. required: record the appropriate entries, if any, on january 13, february 1, and may 1