Im having trouble with part c

Headland Inc. has decided to purchase equipment from Central Michigan industries on January 2, 2020, to expand its production capacity to meet customers' demand for its product. Headland issues a(n) $2,160,000,5-year, zero-interest-bearing note to Central Michigan for the new equipment when the prevailing market rate of interest for obligations of this nature is 12%. The company will pay off the note in five $432,000 installments due at the end of each year over the life of the note. Prepare the journal entry at the date of purchase, (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decin places, eg. 5,275. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is require select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entry at the end of the first year to record the payment and interest, assuming that the company empl, effective-interest method. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to O decimal places, e 5.275. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required; select " N Entry" for the account titles and enter O for the amounts.)