On December 31, 2020, Flint Inc. rendered services to Beghun Corporation at an agreed price of $ 118,887, accepting $ 46,600 down and agreeing to accept the balance in four equal installments of $ 23,300 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 O decimal places, eg. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carrying Amount of Note $ 0 $ 0 $ 0 $ ta 72287 23300 23300 23300 23300