Entries for Instalment Note Transactions On January 1, Year 1, Bryson Company obtained a $12,000, four-year, 9% installment note from Campbell Bank. The note requires annual payments of $3,704, 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 January 1 Note Payment December 31 Carrying Amount (Cash Paid) Interest Expense (7% of January 1 Note Carrying Amount) Decrease in December 31 Notes Payable Carrying Amount Year 1 Year 2 Year 3 Year 4 b. Journalize the entries for the issuance of the note and the four annual note payments Note for a compound transaction, if an ammunt 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 331 Year 1 Dec 31 Year Dec. 31 How will the annual note payment be reported in the Year 3 income statement