Entries for Installment Note Transactions On January 1, Year 1, Bryson Company obtained a $52,000, four-year, 11% installment note from Campbell Bank. The note requires annual payments of $16,761, beginning on December 31, Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Note: Enter all amounts to the nearest whole dollar. Round Year 4 Interest Expense (up or down) to ensure the carrying amount is zero at the end of the note term. Amortization of Installment Notes Year Ending December 31 January 1 Carrying Amount Year 1 147,750 X Note Payment (Cash Paid) 43,620 Year 2 114,473 X 43,620 X Year 3 78,866 X 43,620 X Year 4 40,766 X 43,620 X 174,480 X Interest Expense (7% of January 1 Note Carrying Decrease in Amount) Notes Payable December 31 Carrying Amount b. Journalize the entries for the issuance of the note and the four annual note payments. Note: For a compound transaction, if an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payable up or down to ensure that debits equal credits. Year 1 Jan. 1 Year 1 Dec. 31 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.