- The conveyor was custom buil for A\&G, so its cash price was unknown. - By comparisan with similar transactions it was determined that a reasonablo interest rate was 12\% Required: 1. Prepare the fournal entry for A\&G's purchase of the conveyor on January 1,2024. 2. Prepore en amortizotion schedule for the fouryear term of the note. 3. Prepare the joumal entry for ABG's third interest psyment on December 31, 2026 4. If ASCS note had been an instaliment note to be poid in four equal payments at the end of each year beginning Decomber 34 2024, what would be the amount of each instaliment? 5. By considering the insthiliment poyment of requirement 4, prepare an anortizatian schedule for the fouf-year term of the installment note. 6. Prepare the journel entry for ASG s third instatiment poyment on December 31,2026 Complete this question by entering vour answers in the tabs below