50 F17 4 5 Loan amount 6 Annual interest rate 7 Number of years until maturity Annual payment amount 17 18 19 Calibri (Body) X fx A 20 21 4 11 Date December 31, 2024 B $300,000.00 8 9 10 Required: 11 1. Complete the amortization table based on the information above. 12 2. Prepare the journal entry for issuance of the note. 13 3. Prepare the journal entry for the first installment payment on December 31, 2024. 14 4. Prepare the journal entry for the second installment payment on December 31, 2025. 15 BEAV = A Graded Worksheet + 7% 4 $88,568.44 16 Requirement 1: Amortization Schedule (Use cells A2 to B8 from the given information above to complete this question. All values should be shown as positive amounts.) Cash Paid C $88,568.44 ** D Eva E $21,000.00 Decrease in Interest Expense Carrying Value V E General Carrying Value $67,568.44 $232,431.56 F G $ < H