$$ Question $4(8$ points$)$

On October $31,2009$ Ronald signed a $2-$year installment note in the amount of $$50,000$ in conjunction with the purchase of equipment. This note is payable in equal monthly installments of $$2,354,$ which include interest computed at an annual rate of $12\%.$ The first monthly payment is made on November $30,2009.$ This note is fully amortizing over $24$ months.

Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer the questions that follow.

$\backslash$table$[[$Payment$,$Monthly,Interest,Repayment of$,$Unpaid$],[$Date$,$Payment,Expense,Principal,Balance$],[$Issuance$,--,---,---,$$$$50,000$