Entries for Installment Note Transactions On January 1 of Year 1 , Bryson Company obtained a $147,750, four-year, 7% instaliment note from Campbell Bank. The note requires annual payments of 543,620 , beginning on December 31 of Year 1 a. Prepare an amortization table for this installment note, simular 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. (Note: Due to rounding, the Year 4 Interest expense is provided.) b. Sournalize the entries for the issuance of the note and the four annual note paymenta. For a compound transaction, if an amount box does not require an entry, ieave in blank. b. Journalize the entries for the issuance of the note and the four annual note payments, For a compound transaction, if an amount box does not require an entry, lea it blank. c. How will the annual note payment be reported in the Year 1 income statement? of 1 would be reported on the income statement