On January 1, 2015, Johnson Company purchased a delivery truck for $72,000, paying $7,200 cash and financing the rest with a 4 year, 5% note, with monthly payments of $1,411, Required: (1) Complete the loan amortization schedule below for the payments made on February 1 and March 1. (2) Prepare the journal entry for the purchase on January 1. (3) Prepare the journal entry for the 2nd loan payment on March 1 Loan Amortization Schedule Date Payment Interest Principal Loan Balance January 1 February 1 March 1 General Journal Debit Credit 1/1 3/1