payment 4 is incorrect

B4 fx American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2021. In A B D E F H I J Exercise 14-20 The yellow cells in column F will indicate whether 2 3 Show your work below for calculating the amo PITTEIICali rust VICES, ITU., auquiltu a paunay y llaLITE 1 UIT Ddi II di DdI LUI Corporation. Barton and Barton completed construction of the machine on January 1, 2021. In payment for the $5,700,000 machine, American Food Services issued a four-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%. 4 5 6 Prepare the necessary journal entries on the dates shown below. Account Credit Purchase Date 1/1/21 Equipment Note Payable Debit 5,700,000 5,700,000 8 9 10 11 12 13 14 15 16 17 Credit Payment 1 Date Account 12/31/21 Interest Expense Note Payable Cash Debit 570,000 1,228,181 Correct 1,798,181 3.16987 Credit Payment 2 Date Account 12/31/22 Interest Expense Note Payable Cash Debit 447,182 1,350,999 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Correct 1,798,181 Credit Payment 3 Date Account 12/31/23 Interest Expense Note Payable Cash Debit 312,082 1,486,099 Correct 1,798,181 36 37 Date Credit 38 Payment 4 Account 12/31/24 Interest Expense Note Payable Cash Debit 163,472 1,634,709 Incorrect 39 40 1,798,181 41 42