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. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.)

0.52 points On November 1, 2015. Norwood borrows $580.000 cesn from Table B 2 Required: berk by sgnng 5 five-year instalmert 5% interes. The no-requres-qual totx payments each year on October 31 Table B 1. and Table B 4)(Use appropriato factoris) from the tables providad. 1. Complea th balow table to caleulata total amount o aach inttal l mant paymant Initial Cash PV Factor 2. Complete an amortizabon table for this nstalment note. (Round your mtermediate oalculations to the nearest collar amount. Ending Beginning Debit InterestDebit Notes Balance Payable Credit Cash Ending Expense Balance Date 1031/201e 1031/2017 031/2020 Total 3. Propare the journal entries in which Norwood recarde the tollowing (a) Accrued intereat as of Dacember 31, 2015 he end af is annual raporing pariod). View transaetion list Journal entry worksheet Record the interest accrued on the note of December 31, 2015 Debit Credit Record entry Clear entry (b)The fir annual payment on th note View transaetion list Journal entry worksheet Record the first instellment payment on October 31. 2016. Assume no reveraingentrias ware preparad Debit Credit Record entry Clear entry