< SRW Me How Entries for installment note transactions On January 1 of Year 1, Bryson Company obtained a $71,000, 4-year, 11% installment note from Campbell Bank. The note requires annual payments of $22.885, beginning on December 31 of Year 1. a. Prepare a table for this installment note, similar to the one presented in Exhibit 4. Enter all amounts as positive numbers. (Note: Due to rounding, the Year 4 Interest expense is provided.) Round the computation of the interest expense to the nearest whole dollar. If an amount box does not require an entry, leave it blank Amortization of Installment Notes Interest Expense For the Year Ending Dec. 31 January 1 Carrying Amount Note Payment (Cash Paid) (11% of January 1 Note Carrying Amount) Decrease in Notes Payable December 31 Carrying Amount Year 1 Year 2 Year 3- Year 4 b. Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry, leave it blank. Date Account Year 1 Jan. 1 Debit Credit Year 1 Dec. 31 Check My Work Year 2 Dec. 31 Previous Submit Assignment for Grading