On December 31, 20x1, the Hanlon Corporation took out a 4%, $500,000 bank loan. The loan is repayable over 3 years at equal annual repayments of $180,174 on December 31 of each year. The first payment is due on December 31, 20x2 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, 20x3 to record the annual payment