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Capacitantes 43: Registrar transacciones aplicables en los casos de una emisin de pagars a largo plazo. PROBLEM: On January 2, 2022, IRCS Company obtnined an 588,000 , seven-year 5% installment note from Farmers Bank. The note requires annual payments of \$15,208, with the first payment occurring on December 31, 2022. The first payment consists of $4,400 interest and principal repayment of $10,808. Requirement: (Shows computations are required) Journalize the following transactions: 22. Issued the installment note for cash on January 2, 2022. 23. Paid the first annual payments on the note at December 31, 2022 24. Determine the amount of interest expense on the note for the first year