On January 1, 2024, a company borrows cash from a local bank by issuing a note to be repaid in installments. Question Title (1) The details of the installment note are provided below. IE 09-01 (Static) Using Excel to Prepare \begin{tabular}{lr|} \hline Loan amount & $300,000.00 \\ Annual interest rate & 7% \\ Number of years until maturity & 4 \\ Annual payment amount & $88,568.44 \\ \hline \end{tabular} Journal Entries Related to the Issuance of an Installment Note [LO 9-2] Check Answers Required: 1. Complete the amortization table based on the information above. Check My Work 2. Prepare the journal entry for issuance of the note. 3. Prepare the journal entry for the first installment payment on December 31, 2024. 4. Prepare the journal entry for the second installment payment on December 31, 2025. Legend Graded cell: Leave blank if no answer is Requirement 1: Amortization Schedule (Use cells A2 to B8 from the given information above to complete this question. All values should be shown as positive amounts.) Requirement 2: Journal Entry for Issuance of Note on January 1, 2024 (Use cells A2 to B8 from the given information above to complete this question.) Requirement 3: Journal Entry for First Installment Payment on December 31, 2024 (Use cells A2 to B8 from the given information above to complete this question.) Requirement 4: Journal Entry for Second Installment Payment on December 31, 2025 (Use cells A2 to B8 from the given information above to complete this question.)