Google Sheet #8: Installment notes On January 1. Year 1. Bunson Co. obtained a $147,750, 4-year, 7% installment loan from Cancun 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 b. Journalize the entries for the issuance of the note and the four annual installments Amortization of Installment Notes January 1 Carrying Amount Note Payment (Cash Pald) Interest Expense Decrease in Notes Payable Dec. 31 Carrying Amount For the Year Ending Year 1 Year 2 Year 3 Year 4 Year 1 Jan. 1 Dec 31 Year 2 Dec. 31 Year 3 Dec. 31 b. Year 1 Jan. 1 Dec 31 Year 2 Dec. 31 LLLL Year 3 Dec. 31 Year 4 Dec. 31 Google Sheet #8: Installment notes On January 1. Year 1. Bunson Co. obtained a $147,750, 4-year, 7% installment loan from Cancun 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 b. Journalize the entries for the issuance of the note and the four annual installments Amortization of Installment Notes January 1 Carrying Amount Note Payment (Cash Pald) Interest Expense Decrease in Notes Payable Dec. 31 Carrying Amount For the Year Ending Year 1 Year 2 Year 3 Year 4 Year 1 Jan. 1 Dec 31 Year 2 Dec. 31 Year 3 Dec. 31 b. Year 1 Jan. 1 Dec 31 Year 2 Dec. 31 LLLL Year 3 Dec. 31 Year 4 Dec. 31