On December 31, 2017, Headland Inc. rendered services to Beghun Corporation at an agreed price of $121,949, accepting $47,800 down and agreeing to accept the balance in four equal installments of $23,900 receivable each December 31. An assumed interest rate of 11% is imputed.

Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to 0 decimal places, e.g. 5,275.)

December 31, 2017 Schedule of Note Discount Amortization Cash Received Date Interest Revenue Received Date Carrying Amount of Note Revenue Amount of Note 12/31/17 $ $ 12/31/18 12/31/19 12/31/20 12/31/21