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i need answer for part c please

Bramble Inc. has decided to purchase equipment from Central industries on January 2, 2022, to expand its production capacity to meet customers' demand for its product. Bramble issues a $1,080,000, 5-year, zero-interest-bearing note to Central for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $216,000 installments due at the end of each year over the life of the note. (a) Your answer is correct. Prepare the journal entry at the date of pur (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation 798314 Equipment 798314 Notes Payable Your answer is partially correct. Prepare the journal entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest method. (Round answers to O decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Notes Payable 216000 Interest Expense 87815 Cash 303815 1 (c) Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to decimal places, es 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit

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