On December 31, 2020, Flounder Inc. rendered services to Beghun Corporation at an agreed price of $111,829, accepting $44,400 down and agreeing to accept the balance in four equal installments of $22,200 receivable each December 31. An assumed interest rate of 12% is imputed. (a1) Your answer is correct. Prepare an amortization schedule. Assume that the effective interest method is used for amortization purposes. (Round answers to decimal places, eg. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Interest Discount Revenue Amortized Cash Received Carrying Amount of Note Date $ 67429 131/20 $ 14109 53320 131/21 22200 8091 15802 37519 131/22 22200 6398 4502 17698 19821 131/23 22200 2379 19821 /31/24 22200 Prepare the entries that would be recorded by Flounder Inc. for the sale on December 31, 2020. (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit