On January 2, 2023, the Casual Elite Co. acquired land to build a distribution centre by issuing a 8%, three-year note for $240,000. The note will be paid in three annual payments of $93,128 each December 31 . The payment schedule follows: Required: 1. Prepare the entry to: a. Issue the note on January 2, 2023. b. Record the annual payment on December 31, 2023. Journal entry worksheet 2. Show how the note will appear on the December 31, 2023 balance sheet. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CASUAL ELITE CO. } \\ \hline \multicolumn{2}{|c|}{ Partial Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ December 31, 2023 } \\ \hline Liabilities: & \\ \hline Current liabilities: & \\ \hline & \\ \hline Non-current liabilities: & \\ \hline & \\ \hline \end{tabular}