Problem II Suppose Trilex is also considering issuing an installment note with the following provisions: Face amount: $600,000 Duration: 2 years Payment: 4 equal payments Payments: Sep 30 and Mar 31 Interest rate: 10% Based on the information above, prepare the following: 1. Calculate the amount of each payment for the installment loan. 2. Prepare the journal entry for the first payment on the installment loan on Sep. 30, 2015