On January \\( 1, \\mathrm{MM} \\) Company borrows \\( \\$ 400,000 \\) cash from a bank and in return signs an \8 installment note for five annual payments of \\( \\$ 100,183 \\) each. 1. Prepare the journal entry to record issuance of the note. 2. For the first \\( \\$ 100,183 \\) annual payment at December 31 , what amount goes toward interest expense? What amount goes toward principal reduction of the note? Complete this question by entering your answers in the tabs below. Prepare the journal entry to record issuance of the note. Journal entry worksheet