$34567893457$On January $1$ of the current year, 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 of the four years.Prepare an amortization table for this installment note.Principal$$100,000$Term$4$ yearsInterest rate$7\%$Annual payments$$29,523$Required:PaymentsPeriod EndingDate$($A$)$ BeginningBalanceInterestExpense$($C$)$ DebitNotes Payable$($D$)$ CreditCash$($E$)$ EndingBalance