Question: Please, show your process (Preferably in Excel) Suppose that the company from the previous exercise number 4 received the full sum of $200,000 on January

Please, show your process (Preferably in Excel) Suppose that the company from the previous exercise number 4 received the full sum of $200,000 on January 1, 2019 and committed to repay the loan by making three annual payments (January 1 of 2020, 2021 and 2022) equal based on an interest rate of 11.5%. Prepare the journal entry to record the second of the three annual payments

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