Hanna Manufacturing Limited receives $ 240,000 on January 1, 2021 when it issues a 6%, 3-year note payable to finance the purchase of equipment. The terms provide for annual payments each December 31. The first payment is due December 31, 2021 Instructions Prepare the journal entries to record the note and the first two instalment payments assuming a) the payment is a fixed principal payment of $ 80,000 b) the payment is a blended payment of $ 89,786.76