The following amortization schedule Indicates the Interest and principal to be repaid on an installment note established January 1, 2018, for a company with a March 31 year-end. Year 1 2 3 Beginning Note Payable 10,000 7,680 5,244 2,686 Interest Expense 500 384 262 134 Repaid Principal on Note Payable 2,328 2,436 2,558 2,686 10, eee Ending Note Payable 7,680 5,244 2,686 4 Total 1,280 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, 2018, (the amount of Interest Expense to report in the year ended March 31, 2019, (the Note Payable balance at January 1, 2021, and (e the total Interest and total principal pald over the note's entire life. 2. Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (a) January 1, 2018, and (b) March 31, 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (2) January 1, 2018, and (b) March 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) (a) Annual Payment (b) Interest Expense March 31, 2018 (c) Interest Expense March 31, 2019 (d) Note Payable January 1, 2021 (e) Total Interest (e)-1 Total Principal Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 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, 2018, (c) the amount of Interest Expense to report in the year ended March 31, 2019, (d) the Note Payable balance at January 1, 2021, and (e) the total interest and total principal paid over the note's entire life. (Round your answers to the nearest whole dollar amount.) Show less View transaction list Journal entry worksheet