please what is (c)

Blossom Inc. has decided to purchase equipment from Central industries on January 2, 2022, to expand its production capacity to meet customers' demand for its product. Blossom issues a $864,000, 5-year, zero-interest-bearing note to Central for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $172,800 installments due at the end of each year over the life of the note, (a) Your answer is correct. Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, eg 1.25124 vers to 0 decimal places, eg. 5,275. Credit account 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 for the amounts.) Account Titles and Explanation Debit Credit 638,651 Equipment 638,651 Notes Payable e Textbook and Media (b) Your Answer Correct Answer (Used) Prepare the journal entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest method(Round answers to decimal places, eg. 5,275. Credit account 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 for the amounts.) Account Titles and Explanation Debit Credit Interest Expense 70.252 Notes Payable 102,548 Cash 172,800 (c) Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to decimal places, eg. 5,275. Credit account 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 for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts:0 of 2 used Submit