Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
1) The amortization schedule is presented on the attachment below:
2).
Journal Entry
1 Jan	Cash A/c      Dr. $147,750  
    To Notes payable A/c      $147,750
(Being the cash received is recorded)
31 Dec   Interest expense A/c    Dr. $10,342.50  
    Notes payable A/c      $33,277.50
  To Cash A/c    $43,620
(Being the annual payment of installment including interest is recorded)
31 Dec   Interest expense A/c    Dr. $8,013.08  
    Notes payable A/c      $33,606.93
  To Cash A/c    $43,620
(Being the annual payment of installment including interest is recorded)
31 Dec   Interest expense A/c    Dr. $5,520.59  
    Notes payable A/c      $38,099.41
  To Cash A/c    $43,620
(Being the annual payment of installment including interest is recorded)
31 Dec   Interest expense A/c    Dr. $2,853.83  
    Notes payable A/c      $40,766.17
  To Cash A/c    $43,620
(Being the annual payment of installment including interest and setting off liabilities is recorded)
3).
                                                             Bryson Company
                                                            Income Statement
Particular  Amount ($)
Revenue  -
Expenses  
Less - Interest expense	10,342.50
Less - Other expenses	-
Net Income	-