CHECK FIGURE: b. Total interest expense $12,804 On December 31, 2023, KEC Environmental Corp. borrowed $100,000 by signing a four-year, 5% installment note. The note requires four equal payments of accrued interest and principal on December 31 of each year from 2024 through 2027. a. Calculate the size of each of the four equal payments. b. Prepare an amortization table for this installment note like the one presented in Exhibit 14.20. Exercise 14-26 Use the data in Journal entries for an installment note with equal payments LOS Exercise 14-25 to prepare journal entries that KEC Environmental Corp. would make to record the loan on December 31, 2023, and the four payments starting on December 31, 2024, through the final payment on December 31, 2027. Exercise 14-27 Liabilities from leasing LO9