On January 1 of Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires annual payments of $43,620, beginning on December 31 of Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. (Note: Due to rounding, the Year 4 Interest expense is provided.) Amortization of Installment Notes January 1 Note Payment Interest Expense Decrease in For the Year Ending Dec. 31 Carrying Amount (Cash Paid) (7% of January 1 Note Carrying Amount) Notes Payable ca Year 1 $ Year 2 Year 3 Year 4 : Interest Expense Decrease in December 31 (7% of January 1 Note Carrying Amount) Notes Payable Carrying Amount HII $ Accounting nu b. Journalize the entries for the issuance of the note and the four annual note payments. For a compound transaction, if an amount box does not require an entry leave it blank Year 1 Jan 1 Cash Notes Payable Year 1 Dec 31 Interest Expense Notes Payable Cash Year 2 Dec 31 Interest Expense Notes Payable I OJ OJ OJ ODS bo doo doo dit Cash Year 3 Dec 31 Interest Expense Notes Payable Cash Year 4 Dec. 31 Interest Expense Notes Payable Cash -. How will the annual note payment be reported in the Year 1 income statement? Interest expense of $ would be reported on the income statement