LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. In payment for the $25.2 million purchase, LCD issued a 1-year installment note to be paid in equai monthly payme at the end of each month. The payments include interest at the rate of 18% (FY of S1. PV of S1, EVA of S1. PVA or EVAD of $1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. \& 2. Prepare the journal entries for LCD's purchase of the components on November 1,2021 and the first. installment payment on November 30,2021 3. What is the amount of interest expense that LCD will report in its income statement for the year ended Decemt 31,2021? Complete this question by entering your answers in the tabs below. Prepare the journal entries for LCD's purchase of the components on November 1, 2021 and the first installment paym 30, 2021. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entr first account field.) Journal entry worksheet Record the purchase of the components. Note: Enter debits before credits