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, 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 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. b. Is this ratio improving or declining