Windsor Inc, has decided to purchase equipment from Central industries on Jantary 2, 2022, to expand its production capacity to meet customers' demand for its product. Windsor issues a $828,000,5-year, zero-interest-bearing note to Central for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $165,600 installments due at the end of each year over the life of the note. (a) Your answer is correct. Prepare the journal entry at the date of purchuse. (Round factor values to 5 decimal pibces, ex. 1.25124 and final amvers te 0 decims? select "No Entry" for the account tities and enter Ofor the amounts] Prepare the journai entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest method, (Round answers to 0 dedinal places, eg. 5.275. Credit account titles are autamaticalifyindented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tittes and enter 0 for the amounts