On January $1$ of Year $1,$ Jet Air Inc. contracted with Systems Plus Inc. to manufacture equipment. Jet Air Inc. issued a $$22,500$ note to Systems PIus exchange for the equipment. The note requires $5\%$ interest payments annually over $3$ years on December $31$ of each year. Although the fair value of the equipment is not reasonably determinable, it was determined that $10\%$ was a reasonable rate of interest for such a transaction.

Provide journal entries to be made by Jet Air Inc. at each of the following dates.

Note: Round your answers to the nearest whole dollar.

a$.$ January $1,$ Year $1-$Note issuance.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$Jan$.1,$ Year $1,,vv,],[,,vv,],[,$To record note issuance.,$vv,]]$

b$.$ December $31,$ Year $1-$Interest payment.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$Dec$.31,$ Year $1,,,],[,,],[V,$y$\mathrm{.}8.,],[$To record interest payment.,,$]]$

c$.$ December $31,$ Year $2-$Interest payment.

d$.$ December $31,$ Year $3-$Interest payment.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$Dec$.31,$ Year $3,vv,,],[vv,,],[$V$,,],[$To record interest payment.,,$]]$

e$.$ December $31,$ Year $3-$Note payment at maturity.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$Dec$.31,$ Year $3,,,],[,$To record interest payment.,$vv,]]$