The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2021, for a company with a Morch 31 fiscat year-end. Required: 1. Assuming the company makes the required annual payments on December 31 , use the amortization schedule to determine (a) the amount of the (rounded) annual payment: (b) the amount of interest Expense to report in the year ended March 31, 2021; (c) the amount of Interest Expense to report in the year ended March 31, 2022; (d) the Notes Payable balance at January 1,2024; and (e) the total interest and total principal paid over the note's entire life 2. Assuming the company mokes adjustments at the end of each fiscal year, prepare the journal entries required on (a) January 1, 2021, and (b) March 31, 2021