Silmaril Inc. borrowed $\$ 25,000$ from First National Bank by issuing a 3-year, 10 percent note dated July 1, 1999. Interest is payable semiannually on December 31 and June 30. The principal amount is to be repaid in full on June 30, 2002. Silmaril Inc. reports on a calendar-year basis. Prepare all journal entries relating to the note during $1999,2000,2001$, and 2002 .