Journalizing instailment notes On the first day of the fiscal year, a company issues $52,000,11%, five-year installment notes that have annual payments of $14,070. The firsk note payment consists of $5,720 of interest and $8,350 of principal repsyment. a. Joumatize the entry to record the bsunnce of the instaliment notes. If an amount box does not require an entry, leave it blank: b. Journalize the first annual note parment. If an amount box does not require an entry, leave it biank