On July $1,2023,$ Sheridan Ltd$.$ received a loan from its bank for $$21,000$ bearing interest at $5\%.$ The loan is payable in two annual

instalments of $$11,294$ principal and interest on June $30$ each year. The company records adjusting journal entries annually at year

end on December $31.$

$($a$)$

Prepare an instalment payment schedule for the term of the loan. $($Round answers to $0$ decimal places, e$.$g$.5,255.)$