Repeat steps 1 & 2 assuming the bonds were issued at $4,284,000 Pri I a Installment Loans I.) On January 1, 2015, we may borrow $90.000 cash by signing a 4-vear. 5g installment loan to expand our novelty cake line. The note requires 4 equal payments of $25,381 yearly from 2015-2019. Compute each year's principal and interest payments. Prepare journal entries for the original loan on January 2015 and the four yearly payments