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On January 1 , Year 1 , Hawk Company borrowed $ 1 2 2 , 0 0 0 from the Community Bank, issuing a three

On January 1, Year 1, Hawk Company borrowed $122,000 from the Community Bank, issuing a three-year, 8% note payable. Payments of $47,340.09 are to be made each year on December 31. The payment will include both the interest and a portion of the principal.
Required:
Prepare an amortization schedule for the note.
Note: Enter all your values as positive values. Round your answers to 2 decimal places.On January 1, Year 1, Hawk Company borrowed $122,000 from the Community Bank, issuing a three-
year, 8% note payable. Payments of $47,340.09 are to be made each year on December 31. The
payment will include both the interest and a portion of the principal.
Required:
Prepare an amortization schedule for the note.
Note: Enter all your values as positive values. Round your answers to 2 decimal places.
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