On January 1, a company borrowed cash by issuing a $300,000, 5%, installment note to be paid in three 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? Prepare an amortization table for the installment note. Prepare the journal entry for the second installment payment. Complete this question by entering your answers in the tabs below. Annual Payment Amort Table General Journal What would be the amount of each installment? (Round final answers to the nearest whole dollar.) Table or calculator function: Amount Borrowed: na Annual Payment: Amort Table > . Complete this question by entering your answers in the tabs below. Annual Payment Amort Table General Journal Prepare an amortization table for the installment note. (Round your intermediate calculations to answers to the nearest whole dollar.) Cash Payment Interest Expense Decrease in Balance Outstanding Balance 300,000 1 2 3 Total Prepare the journal entry for the second installment payment. (Round your intermediate calculations to the nearest Round final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal en 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