Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said. Tve always wanted to start a camp where famles could get away and spend some quality time together. If we just had the money, I know this would be the perfect place" On November 1, 2022, Great Adventures purchased the land by issuing a $520,000, 6%, 8-year Installment note to the seller Payments of $6,834 are required at the end of each month over the life of the 8-year loan. Each monthly payment of $6,834 includes both interest expense and principal payments (.e., reduction of the loan amount). 10 points peddes Late that night Tony exclaimed, "We now have land for our new camp, this has to be the best news evert" Suzie sald, "There's something etse I need to tell you. Im expecting They decided nght then, if it was a boy, they would name him venture. Required: 1. Complete the first three rows of an amortization schedule took Interest Change in Carrying Value Carrying Value Date Cash Paid Print Expense 11012022 11/30/2022 References 12012022 2&3. Record the purchase of land with the issuance of a long-term note payable on November 1 2022. and the first two payments on November 30, 2022, and December 31, 2022, and calculate the remaining balance of the note payable as of December 31, 2022. (f no entry is required for a perticuler transection, select "No Journal Entry Required in the first account field.) View bansacon t Journal entry worksheet 3. Record the issuance of note payable Note Enter debita before credts Continuing Problem Chapters 7-12 Seved Record the issuance of note payable. Poines Skipped Note Enter deb before credits. Date General Journal Debit Creda November 01, 2022 etlook Pint References Record entry Cle entry Vw al mal Balance 4. The 12 monthly payments in 2023 (fotiowing year) will reduce the note's balance by an additional $52.747 How would the remaining balance of the note payabie be reported in the balance sheet as of December 31, 20227 Current labity Long-term lablity Tota