P$10\mathrm{.}5$B $($LO $2,3)($Prepare instalment payment schedule; record and present bank loan.$)$ The owner of Alpine Golf Course Ltd$.,$ a local golf course, has just approached a bank for financing for its new business venture, the development of another course. On April $1,2023,$ the bank lent the company $$200,000$ at an interest rate of $8\%.$ The bank loan is payable over four years with annual payments of $$60,384,$ principal and interest. The first payment is due March $31,2024.$ The golf course$$s year end is March $31.$InstructionsPrepare an instalment payment schedule for the four$-$year loan period. Round all amounts to the nearest dollar.Record the receipt of the bank loan on April $1,2023.$Record the first two instalment payments, on March $31,2024,$ and March $31,2025.$Show the statement of financial position presentation of the bank loan payable as at March $31,2024.$Show the statement of financial position presentation for all accounts relating to the bank loan assuming that the company$$s year end was on April $30,2024,$ instead of March $31,2024.$P$10\mathrm{.}5$B $($LO $2,3)($Prepare instalment payment schedule; record and present bank loan.$)$ The

owner of Alpine Golf Course Ltd$.,$ a local golf course, has just approached a bank for financing

for its new business venture, the development of another course. On April $1,2023,$ the bank

lent the company $$200,000$ at an interest rate of $8\%.$ The bank loan is payable over four years

with annual payments of $$60,384,$ principal and interest. The first payment is due March $31,$

The golf course's year end is March $31.$

Instructions

a$.$ Prepare an instalment payment schedule for the four$-$year loan period. Round all

amounts to the nearest dollar.

b$.$ Record the receipt of the bank loan on April $1,2023.$

c$.$ Record the first two instalment payments, on March $31,2024,$ and March $31,2025.$

d$.$ Show the statement of financial position presentation of the bank loan payable as at

March $31,2024.$