On December 31, 2020, Martinez Inc. rendered services to Beghun Corporation at an agreed price of $106,288, accepting $42,200 down and agreeing to accept the balance in four equal installments of $21,100 receivable each December 31. An assumed interest rate of 12% is imputed.

Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, e.g. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carry Amount Date 12/31/20 $ $ $ $ 12/31/21 12/31/22 12/31/23 12/31/24