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Question 14 of 16 - /20 Kingbird Farms Ltd, needed financing to buy two John Deere tractors. Kingbird receives $200,000 on December 31, 2021, when it issues a 10-year 6% note payable. The terms provide for semi-annual blended instalment payments on June 30 and December 31 in the amount of $14,542.00 Prepare an instalment payment schedule for the first four interest periods. (Round answers to 2 decimal places, eg. 5,276.25.) KINGBIRD FARMS LTD Instalment Payment Schedule - Blended Payments Cash Payment Interest Expense Reduction of Principal Principi $ $ S Interest Period Dec 31, 2021 June 30, 2022 Dec 31 2022 June 30, 2023 Dec. 31 2023 - / 20 E Question 14 of 16 Prepare the journal entries to record the note payable and the first three instalment payments. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to 2 decimal places, eg,5,276.25) Date Account Tities and Explanation Debit Credit Dec 31, 2021 June 30, 2022 Dec. 31 2022 June 30, 2023 Question 14 of 16 - /20 Provide the balance sheet disclosure for the note payable at December 31, 2022, being specific about the classifications. (Round answers to decimal places, eg. 5,275.) KINGBIRD FARMS LTD. Balance Sheet (Partial) December 31, 2022 $

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