Entries for installment Note Transactions on January 1 of Year 1, Bryson Company obtained a $147,750, Your-yeatset from Compbell Bank. The note requires annuel payments of $43,620, beginning on December of year Prepare an amortiration table for this installment sot, similar to the one in whi4 Round the computation of the interest expense to the nearest whole dollar Enterall amounts as positive number (Note: Due to reunding, the Year Interest expense is provided.) Amortization of Instalimentate January 1 Note Payment Interest Expense Decrease in December 31 For the Year Ending Dec. 31 Carrying Amount (Cash Paid) (74 of January 1 Note Carrying Amount) Notes Payable Carrying Amount Year 1 Year 2 Year Ya 4 . Jure the entries for the issuance of the hot and the four annuat note payment for compound transaction amont box does not require an entry leave it Year 1 Year 1 Dec. 31 Year 1 Dec. 31 1100 Dlll lll 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