7 2.08 points eBook On November 1, 2019, Norwood borrows $440,000 cash from a bank by signing a five-year installment note bearing 7% interest. The note requires equal payments of $107,312 each year on October 31. Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2019 (the end of its annual reporting period). (b) The first annual payment on the note. Print Complete this question by entering your answers in the tabs below. Req 1 Req 2A and 2B References Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Period Ending Beginning Date Balance Debit Interest + Debit Notes Expense Payable = Credit Cash Ending Balance 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 Total Req 1 Req 2A and 2B >