At the end of each year, you plan to deposit $2,600 in a savings account. The account will earn 8% annual interest, which will be added to the fund balance at year-end. The first deposit will be made at the end of Year 1. (FVof $1, PV of S1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. Prepare the required journal entry at the end of Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the required journal entry on December 31, Year 1. Note: Enter debits before credits. Debit Credit Date December 31 General Journal Record entry Clear entry View general journal