Problem 5 Willie Winn Track Shoes acquired a machine from Betty Will Corporation. Betty Will machine, Willie Winn issued a 5-year installment note to be paid in five equal payments at the end of each year. The payments include interest at the rate of 10%. completed construction of the machine on January 1, 2021. In payment for the $12 million Required: 2. Prepare the journal entry for the first installment payment on December 31, 2021. 1. Prepare the journal entry for Willie Winn's purchase of the machine on January 1, 2021