\begin{tabular}{|c|l|r|} \hline 5 & Loan amount & $300,000.00 \\ \hline 6 & Annual interest rate & 7% \\ \hline 7 & Number of years until maturity & 4 \\ \hline 8 & Annual payment amount & $88,568.44 \\ \hline 9 & & \\ \hline 10 & Required: & \\ \hline 11 & 1. Complete the amortization table based on the information above. \\ \hline \end{tabular} 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 16 Requirement 1: Amortization Schedule (Use cells A2 to B8 from the given information above to complete this question. All values should be 17 shown as positive amounts.) 18