On January 1, 2021, Norwood borrows $500.000 cash from a bank by signing a five-year instaliment note bearing 8 interest. The note requires equal payments of $125,229 each year on December 31 . Required: 1. Complete an amortization table for this instaliment note. 2. Prepare the journat entries in which Norwood records the following: (a) Norwood borrows $500,000 cash by signing a five-year, 8% instaliment note. (b) Record the first installment payment on December 31,2021 . (c) Record the second installment payment on December 31, 2022 . Complete this question by entering your answers in the tabs below. Complete an amortization table for this instaliment note. Note: Round your intermediate calculations to the nearest dollar amount