On November 1, 2015, Norwood borrows $470,000 cash from a bank by signing a five-year installment note bearing 6% interest. The note requires equal total payments each year on October 31. (Table B1 Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Required: 1. Complete the below table to calculate the total amount of each installment payment Initial Cash Proceeds Amount of annual payment PV Factor 2. Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Ending Credit Cash Balance Period Ending Beginning Debit Interest Debit Notes Date 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 Total Balance Expense Payable