On January $1,$$$40,000$ cash is borrowed from a bank in return for a $10\%$ installment note with $36$ monthly payments of $$1,291$ each.

$(1)$ Prepare an amortization table for the first three months of this installment note.

$(2)$ Record the entry for issuance of the note.

$(3)$ Record the entry for the first interest payment and for the second interest payment.

Complete this question by entering your answers in the tabs below.

Required $3$

Prepare an amortization table for the first three months of this installment note.

Note: Round your answers to the nearest whole dollar.

$\backslash$table$[[\backslash$table$[[$Period Ending$],[$Date$]],\backslash$table$[[($A$)$ Beginning$],[$Balance$]],\backslash$table$[[($B$)$ Debit Interest$],[$Expense$]],\backslash$table$[[($C$)$ Debit Notes$],[$Payable$]],\backslash$table$[[($D$)$ Credit$],[$Cash$]],\backslash$table$[[($E$)$ Ending$],[$Balance$]]],[$January $31,$$$,,,,],[$February $28,1,291,,,,],[$March $31,1,291,,,,]]$