loan amortization

NOWN BCDEFG On July 1, 2020, Truglic Equipment Supply Corp. arranged an installment loan with its bank to acquired funds needed to expand its warehouse capacity. Trvgllc signed a note that required equal monthly payments of principal and Interest beginning on July 31. Presented below is the other relevant information pertaining to the note. 8 Principal Borrowed Interest Rate (APR) 10 Term In Years 11 $ 1,227,000 6.81% 13 Enter the applicable values to be used to calculate the monthly payment into the table below. 14 Then compute the monthly payment of principal and interest that Trvglic Equipment Supply Corp. 15 will be required to pay on the loan. 6 points g 2 = Prepare the loan amortization schedule below for the entire term of the loan. Use the Information in the amortization schedule to answer the following questions. 28 Determine the following amounts that Trygiic Equipment Supply Corp. would report in its GAAP 29 financial statements for the year ended December 31, 2020. Interest Expense 2 points Current Portion of Long-Term Debt 2 points Long-Term Debt excluding Current Portion 2 points Income statement Matement of Com Flows Amortization of Carrying Value Balance Sheet Period Interest Expense Cash Paid Amortization 18 points Cover Shoot Basic PV Problems Loan Amortization Bond Valuation +