On January 1, $44,000 cash is borrowed from a bank in return for a 8% installment note with 36 monthly payments of $1,379 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.

4 On January 1, $44,000 cash is borrowed from a bank in return for a 8% installment note with 36 monthly payments of $1,379 each. 30 points (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. X 00:59:20 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an amortization table for the first three months of this installment note. (Round your answers to the nearest whole dollar) (A) Beginning Payments (B) Debit Interest (C) Debit Notes Expense Payable (D) Credit Balance Cash (E) Ending Balance Period Ending Date January 31 February 28 March 31 (Required 1 Required 2