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14-2 Help Save& Exit Submit American Food Services, completed construction of the machine on January 1, 2018. In payment for the $4.3 million machine, American Food Services issued a four-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 9%. (FOSI, pyofS1. EVAof$1, pyAof$1. EVADof $1 and VADotsn (use a provided.) nc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton factorts) from the tables Required: ed1. Prepare the journal entry for American Food Services' purchase of the machine on January 1, 2018. 2. Prepare an amortization schedule for the four-year term of the installment note. 3. Prepare the journal entry for the first installment payment on December 31, 2018. 4. Prepare the journal entry for the third installment payment on December 31, 2020. nt Complete this question by entering your answers in the tabs below int Req 2 Req 1 3 and 4 Prepare an amortization schedule for the four-year term of the installment note. (Enter your Dec.31 s In whole inOutstandi 2018 2019 2021 Prev 1015 lil Next > Check my work Req 2 Req 1 3 and 4 Prepare the journal entry for American Food Services purchase of the machine on January 1, 2018, the first installment payment on December 31, 2018 and the third installment payment on December 31, 2020. (If no entry is required for a transaction/event, select journal entry required in the first account field. Enter your answers in whole dollars) Journal entry worksheet Record the purchase of the machine on January 1, 2018. Note: Enter debits before credits. January 01, 2018 Prev 1 of 5 Next > MacBook Air 80 o 888 3 0