Entries for Installment Note Transactions on January 1 Year l Bryson Company obtained a $47,000 four-year, 9% installment note from Campbell Bank. The note requires annual payments of $14,507, beginning on December 31, Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4 expense to the nearest whiole dolla, Enter llamounts as positive numbers, In Year t, round the amout n the xcrase ote: Round the Notes Payable column either up or down to ensure that the Carrying Amount zeroes out Amortization of Installment Notes Interest Expense (9% of January 1 Note Carrying Amount) Year December 31 Ending December 31 Year 1 Year 2 Decrease in January 1 Carrying Amount Note Payment (Cash Paid) Carrying Year 3 Year 4 Journalize the entries for the issuance of the note and the four annual note payments 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 PreviousNext 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