Question: On October 3 1 , 2 0 2 3 Elmhurst, Inc. signed a 9 - year $ 9 0 0 , 0 0 0 installment

On October 31,2023 Elmhurst, Inc. signed a 9-year $900,000 installment note in conjunction with the purchase of a building for its corporate lieadquarters on Long Island. This note is payable in equal monthly installments of $9,750, which includes interest computed at an annual rate of 5.0%. The first monthly payment is made on November 30,2023. This note is fully amortizing over 108 months.
Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer questions (a) through (c) below (PLEASE ROUND ALL OF YOUR ANSWERS TO THE NEAREST DOLLAR):
\table[[Payment,Monthly,Interest,Repayment,Unpaid],[Date,Payment,Expense,of Principal,Balance],[Issuance,---,,--,$900,000
 On October 31,2023 Elmhurst, Inc. signed a 9-year $900,000 installment note

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