Entries for instaliment Note Transactions On Lanuary 1 of Year 1, Bryson Company obtained a $22,000, four-year, 12% installment note from Campbell Bank, The note requlres annual payments of s7, 243, beginning on December 31 of Year 1 . a. Prepare an amortization tabie for this installment note, similar to the one presented in Exhibit 4. Round the computation of the interest expense to the nearest whole dollar: Enter all amounts as positive numbers. b. Journalize the entries for the issuance of the note and the four annual note poyments. If an amount box does not require an entry, leave it blank. Year 1 Jan. 1 Accounts Payable Cash Year 1 Dec, 31 interest Expense Interest Payable Notes Payable Notes Recelvable Year. 2 Dec. 31 Year 3 Dec. 31 Year 4 Dec. 31: c. How will the annual note payment be reported in the Year 1 income statement? of \$ would be reported on the income statement. 5 more Check My Work uses remaining