Question: Visualization Problem 10-222 (Static) Preparing Installment Note Amortization Table On January 1 of Year 1 , a company borrows $400 cash by signing a three-year,

Visualization Problem 10-222 (Static) Preparing Installment Note Amortization Table On January 1 of Year 1 , a company borrows $400 cash by signing a three-year, 9% installment note. The note requires three equal payments of $158, consisting of interest and principal on December 31 of Year 1, Year 2, and Year 3. The following dashboard shows the note's three poyments separated into its principal and interest portions. Principal portion Interest portion Prepare an amoruzovon tobve ror this unstamment note. \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{l} Period \\ Ending Date \end{tabular} & \begin{tabular}{l} (A) Beginning \\ Balance \end{tabular} & \begin{tabular}{l} (B) Debit Interest \\ Expense \end{tabular} & \begin{tabular}{l} (C) Debit Notes \\ Payable \end{tabular} & (D) Credit Cash & \begin{tabular}{l} (E) Ending \\ Balance \end{tabular} \\ \hline \multicolumn{6}{|l|}{ December 31, Year 1} \\ \hline \multicolumn{6}{|l|}{ December 31 , Year 2} \\ \hline \multicolumn{6}{|l|}{ December 31 , Year 3} \\ \hline Total & & $ & 0 & $ & \\ \hline \end{tabular}
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