Scenario #2: On January 1, 2020 ABC Company issued an installment note to Bank of America. The Table below includes information related to the installment note issued for cash. Principal Amount Interest Rate Term of Note Annual Payment (Includes principal & interest) a. Record the journal entry for the issuance of the note. $85,000 7% 7 years $15,772 b. Calculate the interest for the first year (2020). c. Calculate the principal and interest payments for the first year (2020). d. Record the first installment payment on December 31, 2020. e. Calculate the ending note payable balance for December 31, 2020. f. Calculate the interest for the second year (2021). g. Calculate the principal and interest payments for the second year (2021). h. Record the second installment payment on December 31, 2021. i. Calculate the ending note payable balance for December 31, 2021. Scenario #3: On April 6, ABC Company issued a 120-day 6.75% note for $1,200,000 to Furniture, Inc. in exchange for an account. a. Calculate the maturity date. b. Calculate the maturity value. c. Prepare the journal entry for April 6. d. Prepare the journal entry for the payment of the note on the maturity date. Scenario #4: On July 12, ABC Company signed a promissory note with Chase Bank. The bank issued ABC Company a $900,000, 180-day, discounted note at 4.25%. a. Calculate the maturity date. b. Calculate the maturity value. c. Prepare the journal entry for April 6. d. Prepare the journal entry for the payment of the note on the maturity date