CLAY WUIN On November 1, 2019, Norwood borrows $570,000 cash from a bank by signing a five-year installment note bearing 6% interest. The note requires equal payments of $135,315 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. Complete this question by entering your answers in the tabs below. Req1 Req 2A and 2B Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest Period Ending Date Beginning Balance Debit Interest Expense + Debit Notes Payable = Credit Cash Ending Balance $ 570,000 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 Total Req1 Reg 2A and 2B > View transaction list Journal entry worksheet 2 Record the interest accrued on the note as of December 31, 2019. Note: Enter debits before credits. Credit Date Dec 31, 2019 General Journal interest expense Debit 5,700 Record entry Clear entry View general journal View transaction St Journal entry worksheet Record the first installment payment on October 31, 2020. Assume no reversing entries were prepared. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2020 Record entry Clear entry View general journal