Linus Company signed an installments note with Peanuts Bank on January 2, 2018. The note for $350,000. The first annual payment on December 31, 2018 was $58,755. Of which $28,000 was for interest and the balance was applied to the principal. A. Prepare the January 1, 2018 Journal entry to record the issuance of the note B. Prepare the December 31. 2018 Journal Entry to record the first note payment.