Question: Please solve all three questions. Please. LCD Industries purchased a supply of electronkc components from Entel Corporatien on November 1, 2018. In payment for the

Please solve all three questions. Please.

LCD Industries purchased a supply of electronkc components from Entel Corporatien on November 1, 2018. In payment for the $25.2 milion purchase, LCD issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18% (Eyof$1. Pyot$1. EVAoS, PVA0LIEVADo($1 and PVADOS) (Use appropriate factor(s) from the tables provided.) gRequired: ed 1.&2. Prepare the journal entry for LCD's purchase of the components on November 1, 2018 and the first installment payment on November 30, 2018. 3. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 2018

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