On December 31, 2023, Sack Port Ventures Inc. borrowed $101,000 by signing a four-year, 7.0% installment note. The note requires annual payments of accrued interest and equal amounts of principal on December 31 of each year from 2024 through 2027 a. How much principal will be included in each of the four payments? Amount of principal in each payment S 25,250 b. Prepare an amortization table for this installment note. (Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Payments Year Beginning Ending Balance Interest Expense Notes Payable Ending Cash Balance 2024 2025 b. Prepare an amortization table for this installment note. (Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Year Ending Beginning Interest Balance Expense Payments Notes Cash Payable Ending Balance 2024 2025 2026 0 2027 Total S 0 $ 0 $