On January 1, 2022, Slack Company finished legal services and accepted in exchange a 5% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable on January 1 of each year. Notes with similar risk have a market rate of interest of 10%. Set financial calculators to zero decimal place. Prepare a Schedule of Note Discount/Premium Amortization for Slack Company under the effective interest method. (d) Prepare the journal entries on the following dates