On January $1,$ Year $1,$ Stratton Company borrowed $$180,000$ on a $10-$year, $8\%$ installment note payable. The terms of the note require Stratton to pay $10$ equal payments of $$26,825$ each December $31$ for $10$ years. The required general journal entry to record the payment on the note on December $31,$ Year $2$ is:Debit Interest Expense $$13,406$; debit Notes Payable $$13,419$; credit Cash $$26,825.$Debit Notes Payable $$14,400$; debit Interest Expense $$12,425$; credit Cash $$26,825.$Debit Notes Payable $$26,825$; credit Cash $$26,825.$Debit Notes Payable $$180,000$; debit Interest Expense $$8825$; credit Cash $$26,825.$Debit Interest Expense $$14,400$; debit Notes Payable $$12,425$; credit Cash $$26,825.$