On January 1, 20Y2, Hebron Company issued a $251,000, 5-year, 5% installment note to Ventsam Bank. The note requires annual payments of $57,975, beginning on December 31, 20Y2. Journalize the entries to record the following: 20Y2 Jan. 1 Issued the note for cash at its face amount. Dec. 31 Paid the annual payment on the note, which consisted of interest of $12,550 and principal of $45,425. 20Y5 Dec. 31 Paid the annual payment on the note, including $5,390 of interest. The remainder of the payment reduced