On January 1, Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires annual payments of $43,620, beginning on December 31, Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit4. b. Journalize the entries for the issuance of the note and the four annual note payments. c. Describe how the annual note payment would be reported in the Year 1 income statement. Amortization of Installment Notes January 1 Carrying Amount Note Payment Cash Paid Dec. 31 Carrying Amount For the Year Interest Expense Decrease in Notes Pavable Endin Year 1 Year 2 Year 3 Year 4 Year 1 Jan. 1 Dec. 31 Year 2 Dec. 31 Year 3 Dec. 31 Year 4 Dec. 31 Interest expense to be reported on the income statement