Cucino Corporation signed a new installment note on January $1,2021,$ and deposited the proceeds of $$55,800$ in its bank account.

The note has a $3-$year term, compounds $6$ percent interest annually, and requires an annusl instaliment poyment on December $31.$

Cucino Corporation hos $8$ December $31$ year$-$end and sdjusts its accounts only st year$-$end.

Required:

Use on online opplicotion, such os the loon colculstor with snnusl psyments at mycolculators,com, to complete the omortization

schedule.

$2$ Prepare the journal entries on $($a$)$ January $1,2021,$ and December $31$ of $($b$)2021,($c$)2022,$ and $($d$)2023.$

If Cucino Corporation's yesr$-$end were March $31,$ rother than December $31,$ prepore the adjusting joumol entry it would make for this

note on March $31,2021.$

Complete this question by entering your answers in the tabs below.

Use an online application, such as the loan calculator with annual payments at

mycalculators.com, to complete the

amortization schedule. $($Do not round intermediate calculations. Round final answers to nearest whole dollar.$)$