4 Access an online loan calculator with annual payments, such as the one at mycalculators.com, to produce an amortization schedule for Welton Corporation's installment note that has original principal of $62,000, interest of 12% compounded annually, and a term of 3 years. Welton Corporation established the note on the first day of its fiscal year and will fully repay the note by the end of year 3 on its December 31 fiscal year-end. Prepare Welton Corporation's journal entries on (a) January 1, Year 1; (b) December 31, Year 1: (c) December 31, Year 2; and (d) December 31, Year 3. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answer amount.) he nearest dollar No 1 Transaction (a) Answer is not complete. General Journal Debit Credit Cash 17,534 Notes Payable (long-term) 17,534 2 (b) No Journal Entry Required 3 (c) Interest Expense Notes Payable (long-term) Cash 1,912 15,632 (d) Interest Expense Cash 00 17,544 1,405 18,949 x