6-7. 8 points total XYX Corp purchased a machine with a fair value of S650,000 on 12/31/2020. XYZ signed a 5-year installment note with the first payment of S158,259 due on 12/31/2021, with the remaining payments of S158,259 due each December 31, at an interest rate of 7 percent per year. Required: Complete the amortization table below for the first 2 payments. Round your answer to the nearest whole dollar. (On the online test, select the ending note payable balance after the first & second payments to answer questions 6 and 7.) Beginning Note Payable Ending Note Payable Reduction of Interest Note Expense Payable Beginning amount Payment Amount 650,000 158,259.00 Payment #1 (12/31/21) 650.000.00 Payment #2 (12/31/22) 158,259.00 Auerbach Inc, issued 6% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $2,000,000. The bonds pay interest each March 31 and September 30, starting on 3/31/22 and finishing at maturity. The effective interest rate established by the market is 7% annually at the date of issue. 4.3 points How much cash interest will be paid on the bonds at each interest date? Cash INT. = par Value & INT & Col INT. -2,000,000X.062 Cash SNT=360,000 5. 5 points How much did Auerbach receive from the bond issue on 10/1/2021? (Refer to the present value tables to compute your answer.) Round your answer to the nearest whole dollar. A, $2,014,080 B. $1,859,260 C. $1,857,884 D. Some other amount. Page 2