On January $1,2020,$ JenStar sold inventory costing $$85,000$ to EastCo. In return, JenStar received a $4-$year, $7\%$ note with a face value of $$125,000.$ Blended payments will be made yearly on December $31,$ and will include principal and interest. The market rate of interest is $11\%.$ JenStar has a December $31$ year$-$end while EastCo's year$-$end is September $30.$ JenStar uses a perpetual inventory system.

Please make sure your final answer$($s$)$ are accurate to the nearest whole number. Calculate the annual payments JenStar will receive each year from EastCo. Complete the following payment and amortization schedule for the note.