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Bilbo Baggins borrows $23.000 cash from Gandalf the Grey on January 1, 202. In exchange, Bilbo signs an instaliment note. Terms of the note require

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Bilbo Baggins borrows $23.000 cash from Gandalf the Grey on January 1, 202. In exchange, Bilbo signs an instaliment note. Terms of the note require that Bilbo make four payments of $7.099 on December 31 of each year from 202 through 205. Each payment consists of accrued interest and principal. The instaliment note carries 9% annual interest rate. In the space provided below, prepare Bilbo's amortization table. (Round all entries to the nearest whole dollar.)

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