On December 31, 20x0, the Russell Corporation took out a 5%, $5,000,000 bank loan. The loan is repayable over 4 years at equal annual repayments of $1,410,059 on December 31 of each year. The first payment is due on December 31, 20x1 and the last payment is due on December 31, 20x4. Required - a. Prepare an amortization schedule for this loan b. Prepare the journal entry at December 31, 20x2