Susan Grey has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1, 2021, Susan was loaned $162,000 at an annual interest rate of 5%. The loan is repayable over 5 years in annual installments of $37,418, principal and interest, due each June 30. The first payment is due June 30, 2022. Susan uses the effective- Interest method for amortizing debt. Her ski hill company's year-end will be June 30. (a) Your answer is correct Prepare an amortization schedule for the 5 years, 2021-2026. (Round answers to decimal places, eg. 125.) Period Cash Payment Interest Expense Principal Reduction Balance $ 37418 July 1 2021 June 30, 2022 June 30 2023 8100 29318 37418 6634.1 307839 Prepare all journal entries for Susan Grey for the first 2 fiscal years ended June 30, 2022, and June 30, 2023. (Round answers to o decimal places, eg. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date July 2021 Cash 162000 Notes Payable 162000 June 2022 Interest Expense 8100 Notes Payable 29318 Cash 37418 June 2023 Interest Expense 6634 Notes Payable 30784 Cash 37418 Show the balance sheet presentation of the note payable as of June 30, 2023. (Hint: Be sure to distinguish between the current and long-term portions of the note. (Round answers to decimal places, eg. 125.) SUSAN GREY Balance Sheet (Partial) June 30, 2023 Current Liabilities Notes Payable Long-term Liabilities Notes Payable