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Entries for Installment Note Transactions On January 1, Year 1, Bcyson Company obtained a $22,000, four-year, 12\% instaliment note from Cahobell Eank. The note requires annuat payments of 57,243 ; beginning on December 31 , Year 1 . a. Prepare an amortization table for this instaliment note, similar to the ene presented in Exhibit 4. Note: Enter all amounts to the nearest whole doliar. Round Year 4 Interest Expense (up or down) to ensure the carrying amount is zero at the end of the note ferm. b. Journalize the entres for the isuance of the note and the four annuat nete payments. Note: for a compound transaction, it an amount box does not require an entry, leave it blank. For the Year 4 entry (due to roundino), adjust Notes foyable up or down to ensure that debits equal credits. b. Joumalize the entries for the issuance of the note and the four annaal note parments ensure that dabits noinat rmathe c. How will the annual note payment be reported in the Year 1 income statement? of $ would be reported on the income statement