Problem $10-7$B Monthly installment note amortization table.

On January $1$ of Year $1,$ $$200,000$ cash is borrowed from a babk in return for a $12\%$ installment note with $18$ monthly payments of $$12,196\mathrm{.}41$ each. Prepare an amortization table for this installment note. Record the entry for inssuance of the note. Record the entry for the first interest payment and for the second interest payment.