UCO Industries purchased $$1,301,000$ of equipment by issuing at $2$ year note, dated January $1,2021.$ Payments on the note are $$350,000$ each $6$ months due June $30$ and December $31.$ The implied interest rate on the notes is $6\%.$

A$.$ Create an amortization schedule showing the first two payments of the note.

B$.$ Write the journal entry to show the original issue of the note.

C$.$ Write the journal entry to show the $1^{st}$ payment made June $30,2021$