On December 31, 2020, APPLE Inc. borrowed $104,000 by signing a four-year, 5.0% installment note. The note requires annual payments of accrued interest and equal amounts of principal on December 31 of each year from 2021 through 2024. REQUIRED: a. How much principal will be included in each of the four payments? b. Prepare an amortization table for this installment note C. 2024. Prepare journal entries that APPLE Inc. would make to record the loan on December 31, 2020, and the four payments starting on December 31, 2021, through the final payment on December 31, (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) MUST SHOW ALL CALCULATIONS AND PROPER AMORTIZATION SCHEDULE FOR FULL MARKS