Exercise 14-8 Carla Vista Ltd. issued an instalment note on January 1, 2017 (with a required yield of 7%) in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $127,000. The note calls for three equal blended payments of $44,583 that are to be made at December 31, 2017, 2018, and 2019 Prepare an effective-interest amortization table for the instalment note for the three-year period. (Round answers to 0 decimal places, e.g. 5,275. Do not leave any answer field blank. Enter 0 for amounts.) Effective Interest Amortization Table Effective Interest Method 2/31/17 12/31/18 12/31/19 Prepare Carla Vista's journal entry for the purchase of the land. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) an , 2617 Prepare Carla Vista's journal entry for the first instalment payment on the note on December 31, 2017 (Round answers to 0 decimal places, e.g. 5,275 Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 11201