Problems - show all work to receive partial eredit. 1. Amber Brewing purchased distilling equipment from Fahco Corp. on January 1, 2019, Amber paid for the equipment by issuing a $300,001 6%, 4-year note to be paid in four equal payments at the end of each year beginning December 31, 2019 a. Prepare the journal entry to record the purchase of the equipment on January 1, 2019. b. Calculate the amount of each installment payment. c. Complete the following amortization schedule for the installment note. Payment Interest Decrease in Balance Outstanding balance Date 1/1/2019 12/31/19 12/31/20 12/31/21 12/31/22 d. Prepare the joumal catry to record the first installment payment on 12/91/19: 12/31/19