Installment Notes Dandy Candy bought a delivery vehicle for $45,000 by issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of $3,914.50 at the end of each month. Required: Prepare the amortization table using the effective interest rate method. Note: Round to the nearest cent). If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". And, round final year, if necessary, to complete the amortization. Dandy Candy Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Reduction of Note Payable (Debit) Note Payable Balance At issue 3,914.5 0 0 $ 45,000 01/31/21 3,914.5 300 3,615 41,386 02/28/21 3,914.5 275.9 3,639 37,747 03/31/21 3,914.5 251.65 3,663 34,084 04/30/21 3,914.5 227.23 3,687 30,397 05/31/21 3,914.5 202.65 3,712 26,685 06/30/21 3,914.5 177.9 3,737 22,948 07/31/21 3.914.5 152.99 3,762 19,187 08/31/21 3,914.5 127.91 3,787 15,400 09/30/21 3,914.5 102.67 3,812 11,588 10/31/21 3,914.5 77.26 3,837 7,751 11/30/21 3,914.5 51.67 3,863 3,889 12/31/21 3,914.5 25.92 3,889 0