On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2011 carrying amount in the amortization table for this installment note will be equal to: 

1. $27,635 

2. $26,000 

3. $21,642 

4. $28,402 

Answer rating: 100% (QA)

Amortization Table Year Beginning Balance Payment I... View the full answer