Brief Exercise $14-11($Algo$)$ Installment note $[$LO$14-3]$On January $1,$ a company borrowed cash by issuing a $$360,000,4\%,$ installment note to be paid in three equal payments at the end of each year beginning December $31.$Note: Use tables, Excel, or a financial calculator.$($FV of $$1,$PV of $$1,$FVA of $$1,$PVA of $$1,$FVAD of $$1$and$$PVAD of $$1)$What would be the amount of each installment?Prepare an amortization table for the installment note.Prepare the journal entry for the second installment payment.