AN, Inc. accepts a $300,000, 12% note from Paulino Products on January 1, 2022, and lends money to Paulino. AN will receive periodic, equal payments every 6 months, beginning June 30. The loan matures in 3 years (on December 31, 2024) and the interest rate equals the market rate of 12%. AN is a calendar-year firm and prepares financial statements annually. Prepare the amortization table and the journal entries for the first year. Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Prepare the amortization table. (Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table. Assume that any rounding differences have been adjusted for. For entries with a $0 amount, make sure to enter "0" in the appropriate column.) Date At inception June 30, 2022 December 31, 2022 June 30, 2023 December 31, 2023 June 30, 2024 Effective Interest Principal Reduction Payment Received Note Balance December 31, 2024 Now, record the journal entries for the first year. (Record debits first, then credits. Exclude explanations from any journal entries.) Now, record the journal entries for the first year. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the receipt of the note receivable. Account January 1, 2022 Next, prepare the journal entry for the cash received, interest earned, and reduction in the note receivable balance on June 30, 2022. Account June 30, 2022 Finally, prepare the journal entry for the cash received, interest earned, and reduction in the note receivable balance on December 31, 2022. Account December 31, 2022