On January 1, 2022, XYZ Company received an installment note from Bank of America. (Round numbers to two decimal points - \$1,279.95). Directions: Use the above information to calculate interest, note payable balance, and to record journal entries (Show all calculations with words \& numbers): 1) Journal entry for the receipt of note on January 1, 2022. 2) Journal entry for the payment of note on December 31,2022 \& ending note payable balance. 3) Journal entry for the payment of note on December 31, 2023 \& ending note payable balance