On January 1.2021, Norwood borrows 5560,000 cash from a bank by signing a twe-yeor instadmont note bearing ghe intereit. The note requires equal poyments of \$143.970 each year on December 31 Aequired: 1. Complete ac amportiration tabie for this instaliment note. 2. Prepare the journat entries in which Norwood records the following: (a) Norwood borrows 5560.000 cash by signing a five yeac ON, lissialiment note (b) Recoed the first installiment oayment on December 31, 2021. (c) Aecerd the second instaliment paymeot on December 31, 2022. Compiete this 4uestion by entering your answers in the tabs below. 2. Frepare the yound entres in whikh Norwocd fincerds the lolloning (b) hecord the filst insialimit: poymant an December 3120 . 2 . (c) Aecord the sesood instiment Dovinent on Decembet 3t, 202?. Cemplete this auestion by omtering rher arswers io the tatio below. Jourmal entry worlesheet horwosd barrewi f 560,000 cash ty surang a fiek rear, bwe instailenent hote. Prepare journal entries to record the note's issuance and each of the first two payments. Journal entry worksheet Record the first instaliment payment on December 31,2021. Noter finter debits before crsats. Record the second installment payment on December 31, 2022. Notet Enter debits before credits