2. On December 31,2022 Dexter Inc. provided service to Municipal, accepting a five percent, four-year promissory note having a maturity value of $600,000 (interest payable annually on December 31). Dexter pays 6 percent for its borrowed funds. Municipal, however, who has experienced financial difficulty in the current market conditions and is considered a higher risk, pays 8 percent for its borrowed funds. Instructions (a) Prepare the journal entries to record the transaction on the books of Dexter Inc. at December 31, 2022. (Assume that the effective interest method is used.) Tables are provided at the end of the exam. (b) Make all appropriate entries for 2023 on the books of Dexter Inc