On January 1, a company borrowed cash by issuing a $430,000, 496, installment note to be paid in 3 equal payments at the end of each year beginning December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1 FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What would be the amount of each installment? Table or calculator function: Amount Borrowed: Annual Payment: Prepare an amortization table for the installment note. (Round your intermediate calculations to the nearest dollar.) Interest Cash Payment Expense Decrease in Balance Outstanding Balance $ 430,000 2 Total Prepare the journal entry for the second installment payment. (Round your intermediate calculations to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the second installment payment. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal