part b

Bramble purchased a new piece of equipment to be used in its new facility. The $375.000 piece of equipment was purchased with a $37.000 down payment and with cash received through the issuance of a $338,000,12%,5-year mortgage payable issued on January 1, 2022. The terms provide for annual installment payments of $93,764 on December 31. (a) Your answer is correct. Prepare an installment payments schedule for the five payments of the notes payable, (Round answers to 0 decimal places, eg. 15,250. Prepare the journal entry related to the notes payable for December 31, 2022. (Credit occount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts)