American Food Services, Inc., acquired a packaging machine fromBarton Corporation. Barton and Barton completed construction of the machineon January 1, 2011. In payment for the $4 million machine, American FoodServices issued a four-year installment note to be paid in four equal paymentsat the end of each year. The payments include interest at the rate of 10%.1.Prepare the journal entry for American Food Services purchase of the machine on January 1, 2011.2.Prepare an amortization schedule for