On May 31,2017, Iceflow Technologies Inc. borrowed $400,000 from a bank by signing a four year installment note bearing interest at 14%. The terms of the note require equal semiannual payments that include accrued interest and an equal amount of principal in each payments beginning on November 30,2017.

a. Calculate the size of each installment.

b. Complete an instalment note amortization schedule for this note.