Curbstone, Inc. borrows $140,000 by issuing an 8%, 5-year note on January 1, 2020. Curbstone must make payments of principal and interest every 3 months, beginning March 31, 2020. The note will be fully paid at maturity on December 31, 2024. The company's fiscal year ends on December 31. Prepare the journal entries at January 1, 2020, and March 31, 2020 Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Prepare the journal entry on January 1, 2020. (Record debits first, then credits. Exclude explanations from any journal entries.) Account January 1, 2020 Interest Expense Long-Term Note Payable Cash