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On January $1,2024,$ Wildhorse Corp. borrows $$13,800$ by signing a $3-$year, $6\%$ note payable. The note is repayable in three annual

fixed principal payments on December $31$ of each year.

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$($b$)$

Prepare an instalment payment schedule for the note.

Cash payment

Interest Expense

Reduction of Principal

Principal Balance

$

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$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

Question Part Score

$($d$)$