American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2018. In payment tor the $5.7 million machine, American Food Services issued a four-year Insta ment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%. (FV of $1, PV orsi, FVA of $1, p A of $1, FVAD of $1 and PVAD of $1) (Use appropriate factors) from the tables provided.) Required: 1. Prepare the journal entry for American Food Services purchase of the machine on January 1, 2018. 2. Prepare an amortization schedule for the four-year term of the installment note 3. Prepare the journal entry for the first Installment payment on December 31, 2018. . Prepare the journal entry for the third installment payment on December 31, 2020. Complete this question by entering your answers in the tabs below Req 2 Req 13 and 4 Prepare an amortization schedule for the four-year term of the installment note. (Enten your answers in whole dollars.) c.31 2018 2019 2020 2021 Req 2 Req 1 3 and 4 > American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2018. In payment tor the $5.7 million machine, American Food Services issued a four-year Insta ment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%. (FV of $1, PV orsi, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factors) from the tables provided.) Required: 1. Prepare the journal entry for American Food Services purchase of the machine on January 1, 2018. 2. Prepare an amortization schedule for the four-year term of the installment note. 3. Prepare the journal entry for the first Installment payment on December 31, 2018. . Prepare the journal entry for the third installment payment on December 31, 2020. Complete this question by entering your answers in the tabs below Req 2Req 1 3 and 4 Prepare the journal entry for American Food Services' purchase of the machine on January 1, 2018, the first installment payment on December 31, 2018 and the third installment payment on December 31, 2020. (If no entry is required for a transaction/event, select No journal entry required in the first account field. Enter your answers in whole dollars.) Show lessA 1 ny01 2018 31, 2018 31, 2020 Reg 2 Req 1 3 and 4 2. Amortzation schedule $5,700,0003.16987$1,798,181 of $1) 10% (rom PVA nstallment of loan paynent