On January 1, Year 1, Wedekind Company issued a $19,000, 4-year, 11% Installment note to Shannon Bank. The note requires annual payments of $6,124, beginning on December 31, Year 1. Journalize the entries to record the following: Year 1 Jan. 1 Issued the note for cash at its face amount. Dec 31 Paid the annual payment on the note, which consisted of interest of $2,090 and principal of $4,034 Year 4 Dec. 31 Paid the annual payment on the note, including $607 of Interest. The remainder of the payment reduced the principal balance on the note. Issued the note for cash at its face amount. If an amount box does not require an entry, leave it blank. Year 1, Jan. 1 Paid the annual payment on the note, which consisted of interest of $2,090 and principal of $4,034. If an amount box does not require an entry, leave it blank Year 1, Dec. 31 Paid the annual payment on the note, including $607 of interest. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank. Pald the annual payment on the note, including $607 of Interest. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank. Year 4, Dec. 31