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Current Attempt in Progress On January 1, 2021, Sunland Corp. borrows $26,000 by signing a 3-year. 3% note payable. The note is repayable in
Current Attempt in Progress On January 1, 2021, Sunland Corp. borrows $26,000 by signing a 3-year. 3% note payable. The note is repayable in three annual blended payments of $9.192 on December 31 of each year. Prepare an instalment payment schedule for the note. (Round answers to O decimal places, eg 5.276) Period Cash payment Jan. 1, 2021 $ Dec 31, 2021 Dec. 31. 2022 Dec. 31, 2023 Interest Expense 3% $ Reduction of Principal Principal Balan $ 75
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