Question: Please show excel formulas when showing the answer. - Check Answers On January 1,2021, Eagle Company borrows $100,000 cash by signing a four-year, 7% installment

Please show excel formulas when showing the answer.

- Check Answers On January 1,2021, Eagle Company borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $29,523, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Principal $100,000 Term (years) 4 Interest Rate Payments 7% $29,523 Check My Work Required: Prepare an amortization table for this installment note. Legend (Use cells A2 to 14 from the given information to complete this question. Each cell must contain a formula, even if the resulting value is $0.) Graded cell: Leave blank if no answer is needed. Payments Scratchpad: Use as a non-graded workspace Period Ending Date (A) Beginning Balance $100,000 77,477 (B) Debit Interest Expense $7,000 (C) Debit Notes Payable $22,523 (D) Credit Cash $29,523 (E) Ending Balance $77,477 2021 2022 2023 Cell F16 mus #REF! 2024 Total Save and Return to Assignment = A Graded Worksheet alculation Mode: Automatic Workbook Statistics Give Feedback to Microsoft 100%

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