On July 1,2020 , Sheffield Ltd. borrowed $20,500 by signing a two-year, 4% note payable. The note is payable in two annual instalments of $10,869 on June 30 . The company records adjusting journal entries annually at year end on December 31 . (a) Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, e.g. 5,255. )