The following journal entry was made by your predecessor to record the annual payment on a 5%, 10-year installment note. PAGE 22 JOURNAL DATE DESCRIPTION CREDIT 710 215 110 DEBIT 95,663.00 606,899.00 Oct. 1 Interest Expense Notes Payable Cash 702,562.00 Using the information provided, compute the following amounts. 1. What was the carrying amount (book value) of the installment note before the payment on October 1