Braxton Technologies, Inc., constructed a conveyor for A&G Warehousers that was completed and ready for use on January 1, 2021. A&G paid for the conveyor by issuing a $100,000, four-year note that specified 4% 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 comparison with similar transactions it was determined that a reasonable interest rate was 9%. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVADOS (Use appropriate fector(s) from the tables provided.) 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 tem 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 installment 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? 5. By considering the installment payment of requirement 4. prepare an amortization schedule for the four-year term of the installment note 6. Prepare the journal entry for A&G's third installment payment on December 31, 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2021. (If 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 dollar) Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare an amortization schedule for the four-year term of the note. (Round intermediate calculations and final answers to the nearest whole dollar.) Years Cash Payment Effective Interest Change in Balance Outstanding Balance $ 83,802 2021 $ 4,000 S 7,542 $ 83.802 87,344 2022 4,000 7.861 4,000 91,205 2023 4,000 8.208 4,000 95.414 2024 4,000 8.586 4,000 100,000 Total S 16,000 $ 32.197 S 95.802 ok Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 t ences Prepare the journal entry for A&G's third interest payment on December 31, 2023. (If 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 dollar.) View transaction list Journal entry worksheet 1 Record A&G's third interest payment. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal