Exercise 7-18 (Part Level Submission) On January 1, 2017, Sandhill Corp. borrows $32,000 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of $11,972 on December 31 of each year (a) Prepare an instalment payment schedule for the note. (Round answers to O decimal places, e.g.5,276.) Period Jan. 1, 2017 Dec. 31, 2017 Dec. 31, 2018 Dec. 31, 2019 Cash payment Interest Expense 690 Reduction of Principal Principal Balance SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANS