The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2021. CCC has a December 31 year-end and makes the required annual payments on December 31. Use the amortization schedule to prepare CCC's required journal entries on (a) January 1, 2021; (b) December 31, 2021: (c) December 31, 2022: (a) December 31, 2023; and (e) December 31, 2024. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Payable Beginning Note Interest Year Expense 24,000 2,160 2 18,752 3 13,032 1,688 1,173 4 6,797 612 5,633 Total Repaid Principal on Note Payable 5,248 Ending Note Payable 18,752 5,720 6,235 13,032 6,797 6,797 0 24,000