complete an Armortization table for this installment note

On January 1, 2021 Norwood borrows $460.000 cash from a bank by signing a five-year installment note bearing 9% interest. The note requires equal payments of $118.261 each year on December 31 Required: 1. Complete an amortization table for this installment note 2. Prepare the journal entries in which Norwood records the following: (a) Norwood borrows $460,000 cash by signing a five-year, 9% installment note, b) Record the first installment payment on December 31, 2021 (c) Record the second installment payment on December 31, 2022 Complete this question by entering your answers in the tabs below. Reg1 Reg2 Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Period Ending Date Beginning Balance Dobit interest Expense Debit Notes Payable Credit Cash Ending Balance 12/31/2021 12/31/2002 12/31/2023 12312024 12/31/2025 Total Reg 2 3 View transaction list Journal entry worksheet