Current Attempt in Progress Ayayai Manufacturing Inc. intends to finance the acquisition of new manufacturing equipment that costs $172,000 by issuing a 5 year, 3.50% note payable. The note would be issued on January 1, 2021. Ayayai's year end is December and the note would require annual payments on December 31. The finance company has given Ayayai the choice of making blended payments of $38,095. making fixed payments of $34,400 plus interest. (a) Assuming the blended payment option is selected; using the amortization table for the first two years of the note payable. Record the issue of the note and the December 31, 2021 payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit (b) Assuming the fixed principal payment option is selected; using the amortization table for the first two years of the note payable. Record the December 31, 2021 payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Date Dec. 31. 2021