> On April 1, 2019, Yowzers Limited borrowed $400,000 as a 25 year loan at 9%, Its annual payment has been calculated at $40,722.50. The first payment is due March 31, 2020. Yowzers has a March 31 year end. Use the Installment Note working paper to: 1. Prepare an effective interest method schedule for the first 2 payments. Include 2 decimal places. 2. Prepare the journal entries to record the receipt of the loan and for the first two payments.