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Note Computations and Entries (Straight Line) On January 1, 2024, Benton Corporation borrowed $980,000 with a 10 -year, 8.75% note, interest pavable senuanually on kune 30 and Decernber 31 . Cash in the amount of $965,500 was received when the note was issued. Required: 1. Peppare the necessary joumal entry at January 1, 2024, if an amount box does not require an entry, leave it blank. 20243 2. Prepare the necessary journal entry at June 30,2024 . If an amount box does not requer an entry, leave it blank. If required, round amounts to the nearest dollar. 3. Piepate the necessary joumal entry at December 31, 2024, If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar. 4. Determinet the carrying amount of thes note at the end of the fith year (Docember 31, 2028)