EX 14-12 Entries for installment note transactions OBJ. 4 On January 1, 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 a. Prepare an amortization table for this installment note, similar to the one presented the entries for the issuance of the note and the four annual note payments. December 31, Year 1 in Exhibit 4. Describe how the annual note payment would be reported in the Year 1 income statement. c