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On January $1,2026,$ Eagle Company borrows $$19,000$ cash by signing a four$-$year, $8\%$ installment note. The note requires

four equal payments of $$5,737,$ consisting of accrued interest and principal on December $31$ of each year from $2026$

through $2029.$

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.

$1$ Eagle borrows $$19,000$ cash by signing a four$-$year, $8\%$

installment note. Record the issuance of the note on

January $1,2026.$

$2$ Record the payment of the first installment payment of

interest and principal on December $31,2026.$

$3$ Record the payment of the second installment payment

of interest and principal on December $31,2027.$

$4$ Record the payment of the third installment payment of

interest and principal on December $31,2028.$

$5$ Record the payment of the fourth installment payment of

interest and principal on December $31,2029.($Hint: Make