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\mathrm{.}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\mathrm{.}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.