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On January $1,2021,$ Eagle Company borrows $$15,000$ cash by signing a four$-$year, $7\%$ installment note. The note requires four equal payments of $$4,428,$ consisting of accrued interest and principal on December $31$ of each year from $2021$ through $2024.$

Prepare the journal entries for Eagle to record the note's issuance and each of the four payments.

Note: Round your intermediate calculations and final answers to the nearest dollar amount. No$.4$ Record the payment of the third installment payment of interest and principal on December $31,2023.$ No$.5$ Record the payment of the fourth installment payment of interest and principal on December $31,2024.($Hint: Make sure that the balance in Notes payable is $$0$ after this entry.$)$