On July 1, 2015, Brew It Again Ale Co. sold excess land in exchange for a three-year, non-interest-bearing promissory note in the face amount of $530,000. The land's carrying value is $250,000. On September 1, Brew It Again Ale rendered services in exchange for a six-year promissory note having a face value of $500,000. Interest at a rate of 3% is payable annually. For both transactions, the customers are able to borrow money at 11% interest. Brew It Again Ale's cost of capital is 7.4%. On October 1, 2015, Brew It Again Ale agreed to accept an installment note from one if its customers, in partial settlement of accounts receivable that were overdue. The note calls for five equal payments of $12,000, including the principal and interest due, on the anniversary of the note. The implied interest rate on this note is 12%. a) Prepare an effective-interest amortization table for the installment note obtained in partial collection of accounts receivable. Brew It Again Ale's year-end is December 31. Prepare the year-end journal entry and the first cash