Required information [The following information applies to the questions displayed below.] Marshall Corporation purchased equipment and in exchange signed a three-year promissory note. The note requires Marshall to make equal annual payments of $20,000 at the end of each of the next three years. Marshall has other promissory notes that charge interest at the annual rate of 6 percent. to 5. Show the journal entries to record the equipment purchase and the first payment, second payment, third payment of $20,000 at the end of the first, second, and third year, respectively. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar amounts.) Journal entry worksheet Record the journal entry for the purchase of equipment. Note: Enter debits before credits. Journal entry worksheet Record the journal entry at the end of the first year to record the first payment of $20,000. Note: Enter debits before credits. Journal entry worksheet Record the journal entry at the end of the second year to record the second payment of $20,000. Note: Enter debits before credits. Journal entry worksheet Record the journal entry at the end of the third year to record the third payment of $20,000. Note: Enter debits before credits