Required information [The following information applies to the questions displayed below] On January 1 , a company borrows $28,000 cash by signing a four-year, 6% installment note The note requires four equal payments of $8,081, consisting of accrued interest and principal on December 31 of each year Prepare the journal entries to record the note's issuance and each of the four payments: Note: Round intermediate calculations and final answers to the nearest dollar. Journal entry worksheet 2+5 Eagle borrows $28,000 cash by signing a four-year, 6% instaliment note. Record the issuance of the note on January 1 , Year 1. Note: tinter debits before credits