Wildhorse Incorporated issued a $101,000, 5-year, zero-interest-bearing note to Swifty Corp. on January 1, 2020, and received $50,000 cash. Wildhorse uses the effective interest method Required: 1. Using (1) a financial calculator, calculate the implicit interest rate. (Round answer to 2 decimal places, e.g. 52.25%.) 2. Prepare an effective interest amortization table for the note. (Round answers to 2 decimal places, e.g. 52.75.) 3. Prepare Wildhorse's journal entry for the January 1, 2020 issuance 4. Prepare Wildhorse's journal entry for the December 31, 2023 recognition of interest.