es The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2021. CCC has a December 31 year-end and makes the required annual payments on December 31. Year 1 2 3 4 Total Beginning Notes Payable 24,000 18,752 13,032 6,797 Repaid Principal Interest Expense on Notes Payable (a) Annual Payment (b) Interest Expense (c) Notes Payable (d-1) Total Interest (d-2) Total Principal 2,160 1,688 1,173 612 5,633 5,248 5,720 6,235 6,797 24,000 Ending Notes Payable 18,752 13,032 6,797 0 Use the amortization schedule to determine (a) the amount of the (rounded) annual payment; (b) the amount of interest expense to report in the year ended December 31, 2021 (Year 1); (c) the note payable balance at January 1, 2024; and (d) the total interest and total principal paid over the note's entire life. (Round your answers to the nearest whole dollar amount.)

The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2021. CCC has a December 31 year-end and makes the required annual payments on December 31. Use the amortization schedule to determine (a) the amount of the (rounded) annual payment: (b) the amount of interest expense to report in the year ended December 31, 2021 (Year 1) : ( ( the note payable balance at January 1, 2024; and (d) the total interest and total principal pald over the note's entire life. (Round your answers to the nearest whole dollar amount.)