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On December 3 1 , 2 0 2 5 , Metlock Company signed a $ 1 , 0 5 4 , 8 0 0 note

On December 31,2025, Metlock Company signed a $1,054,800 note to Bonita Bank. The market interest rate at that time was 11%.
The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Metlock's financial situation worsened. On December 31,2027, Bonita Bank determined that it was probable that the company would pay back only $632,880 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1.054.800 loan.
(b)
Prepare a note amortization schedule for Bonita Bank up to December 31,2027.

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