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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 Metlock Company signed a $ note to Bonita Bank. The market interest rate at that time was
The stated interest rate on the note was payable annually. The note matures in years. Unfortunately, because of lower sales, Metlock's financial situation worsened. On December Bonita Bank determined that it was probable that the company would pay back only $ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $ loan.
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Prepare a note amortization schedule for Bonita Bank up to December
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