Entries for Installment Note Transactions On January 1 of Year 1, Bryson Company obtained a $55,000, four-year, 11% installment note from Campbell Bank. The note requires annual payments of $17,728, beginning on December 31 of Year 1. a. Prepare an amortization table 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. Amortization of Installment Notes January 1 Carrying Amount For the Year Ending Interest Expense (11% of January 1 Note Carrying Amount) Note Payment (Cash Paid) Decrease in Notes Payable December 31 Carrying Amour Year 1 $ $ S Year 2 Year 3 Year 4 TH S b. Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry, leave it blank. Year 1 Jan. 1 SHOW Me How b. Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry leave it blank. Year 1 Jan. 1 Year 1 Dec. 31 Year 2 Dec. 31 I01 IL II III III III II 11 Year 3 Dec. 31 Year 4 Dec. 31 Year 2 Dec. 31 III III Year 3 Dec. 31 Year 4 Dec. 31 c. How will the annual note payment be reported in the Year 1 income statement? of s would be reported on the income statement