On January 2. 2023, the Casual Elite Co. acquired land to build a distribution centre by issuing a 6%, three year note for $210.000. The note will be paid in three annual payments of $78,563 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 \begin{tabular}{l|l} \hline 1 & 2 \end{tabular} Record the issuance of 6%,3-year note. Note: Enter debits before credits. 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 & Partial Balance Sheet \\ December 31,2023 \\ \hline Liabilities: \\ \hline Current liabilities: & \\ \hline & \\ \hline Non-current liabilities: & \\ \hline \end{tabular}