On January 1, 2021 Foster Co. borrows $100,000 from 5th Bank. The terms of the loan are: interest = 4%, matures in 5 years, a principal payment of $20,000 will be made on each January 1 plus interest beginning on January 1, 2022 and each following year until the loan is paid in full. a. Record the journal entry for the receipt of the cash from 5th Bank. I b. Record the journal entry for the payment of principal, $20,000, plus interest on January 1, 2022. c. Record the journal entry for the payment of principal, $20,000, plus interest on January 1, 2023. Problem 2 (15 points) ABC Co. borrows $200,000 from 1" Bank. The loan is to be repaid over the next 5 years in equal annual payments of $46,200.05. Interest is 5%. Prepare an amortization schedule.