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 for the $4.8 million machine, American Food Services issued a four-year instaliment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 12\%. (FV of \$1, PV of \$1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) 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 instaliment note. 3. Prepare the journal entry for the first installment payment on December 31, 2018. 4. Prepare the journal entry for the third installment payment on December 31, 2020. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the joumal entry for American Food Services' purchase of the machine on January 1, 2018, the first instaliment 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.) Prepare the journal entry for American Food Services' purchase of the machine on January 1, 2018, the first instaliment payment on December 31,2018 and the third installment payment on December 31,2020 . (if no entry is required for a transaction/event, seiect, "No joumal entry required" in the first account field. Enter your answers in whole dollars.) Complete this question by entering your answers in the tabs below. Prepare an amortization schedule for the four-year term of the instaliment note. (Enter your answers in whole dollars.)