Kodiak Company borrowed $85,000 cash to expand their business operations on January 1, 2020. They signed a 5% installment note that is to be repaid with 4 annual payments of $23,971 on December 31 each year, the first of which is due on December 31, 2020. (a) Prepare the company's journal entry to record the note's issuance. (b) Prepare the journal entries to record the first two installment payments. Extra Credit (10 points) - prepare the journal entries for the remaining two payments