Problem 14-13 (Algo) Note and installment note with unrealistic interest rate [LO14-3] Braxton Technologiles, Inc, constructed a conveyor for A\&G Warehousers that was completed and ready for use on January 1,2021. ASG paid for the conveyor by issuing a $100,000, four-year note that specifled 5% interest to be paid on December 31 of each year, and the note is to be repaid at the end of four years. The conveyor was custom-bull for A\&G, so its cash price was unknown. By comparison with similar transactions it was determined that a reasonable interest rate was 9\%. (FV of \$1, PV of S1, EVA of S1. PVA of \$1. EVAD of S1 and PVAD of 51) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for ASG's purchase of the conveyor on January 1, 2021. 2. Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for AsG's third interest payment on December 31,2023. 4.. A\&G's note had been an instaliment note to be paid in four equal payments at the end of each year beginning December 31,2021 , what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year term of the installment note 6. Prepore the joumal entry for AGG's third installiment payment on December 31, 2023. Complete this question by entering your answers in the tabs below. Prepare the fournal entry for ABG's third installment psyment on December 31, 2023. (It no entry is required for a transaction/event, select "Ho journal entry required" in the first acceant field. Round intermediate calculations and final answers to the nearest whole boliar.) complete this question by entering your answers in the tabs below. Prepare the foumal entry for AsGis third installment payment on December 31, 2023. (It no entry is required for a transactionevent, select "No fournal entry required" in the first account field. Round intermediate cakculations and final answers to the nearest whole detiar, Journal entry worksheet