On January 1, 2020, Blue Bell Inc, borrowed $111,513.00 from the bank by signing a 4-year installment note bearing interest at 3%. The terms of the note require 4 equal annual payments of principal plus interest at the end of each year. The annual payment amount has been calculated as $30,000.00 Required: Prepare journal entries to record the receipt of the cash from the bank and the first 2 annual payments on the note. Round all calculations to 2 decimals (the nearest penny)