The following amortization schedule indicates the interest and principal to be repald on an installment note estabilshed January 1. 2021, for a company with a March 31 fiscal year-end Required: 1. Assuming the company makes the required annual payments on December 31 , use the amortization schedule to determine (al the amount of the (rounded) annual payment: (b) the amount of interest Expense to report in the year ended March 31, 2021, (G the amount of Interest Expense to report in the year ended March 31, 2022, ( ( the Notes Payable balance at January 1, 2024, and (el the total interest and total principal pald over the note's entie life 2. Assuming the company makes adjustments at the end of each fiscal year, prepare the journal entries required on (a) January 1, 2021, and (b) March 31,2021 Complete this question by entering vour answers in the tabs below. 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. (Round your answers to the neareit whole dollar amount.) Journal entry worksheet Record the entry on January 1,2021. Note: Enter debits before credits. Journal entry worksheet Record the entry on March 31, 2021. Note: Enter debits before credits