A\&G paid for the conveyor by issuing a $100,000, four-year note that specified 7% interest to be paid on December 31 of each year, and the note is to be repaid at the end of four years. The conveyor was custom-built for A\&G, so its cash price was unknown. By \$1. EVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the table interest rate was 12%. (FV of $1, PV of $1. EVA of $1, PVA of Required: 1. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021 2. Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31,2023 4.If A\&G's note had been an installiment note to be paid in four equal payments at the end of each year beginning December 31,2021 , what would be the amount of each installment? note. Ware an amortization schedule for the four-year term of the installment. Complete this question by entering your answers in the tabs below. Prepare the Journal entry for A8G's purchase of the conveyor on January 1, 2021. (II no entry is required for a transaction/event, select. "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole doliar.) Journal entry worksheet