principles of accounting all pictures are attached (all pictures are attached !) in order to solve problem picture attached down !!!!!?

Entries for Installment Note Transactions On January 1, Year 1, Bryson Company obtained a $58,000, fouryear, 10% installment note from Campbell Bank. The note requires annual payments of $15,297, beginning on December 31, Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Notes Payable column either up or down to ensure that the Carrying Amount zeroes out. Amortization of Installment Notes Year lateral: Expense Ending (10% of January 1 _ December 31 her January 1. Note Payment Note Car in Decrease "1 Car in Decem Carrying Amount (Cash Paid) ry 9 Notes Payable W 9 31 Amount) Amount ) Year 1 [:$ $ :r :r :r Year 2 l: :1 [:1 :1 Year 3 C j :1 3 Year 4 [: :1 :1 o $ $ $ b. Journalize the entries for the issuance of the note and the four annual note payments. Note: For a compound transaction, if an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payable up or clown to ensure that debits equal credits. YearlJan.1 V l: ' :1 D YearlDec.31 " [: j " l: :1 " l: :1 YearZDec.31 " [: j " l: j " l: : Year3Dec.31 ' C :] ' C :l " l: :l Year4Dec.31 V l: :1 ' C :l ' C :l c. How will the annual note payment be reported in the Year 1 income statement? '7 of 33:] would be reported on the income statement. Times interest earned The following data were taken from recent annual reports of Caliber Company, which operates a lowfare airline service to more than 50 cities in the United States: Current Year Preceding Year Interest expense $75,000 $82,000 Income before income tax 480,000 360,800 a. Determine the times interest earned ratio for the current and preceding years. Round to one decimal place. Current year :1 Preceding year C] b. Although Caliber Company had enough earnings to pay interest in the preceding year, the V in this ratio will be V by the debtholders