On November 1, 2015, Norwood borrows $580,000 cash from a bank by signing a five-year installment note bearing 5% interest. The note requires equal total payments each year on October 31 .Complete an amortization table for this installment note. Prepare the journal entries in which Norwood records the following:Accrued interest as of December 31, 2015 (the end of its annual reporting period)