On November 1, 2017, Norwood borrows $440,000 cash from a bank by signing a five-year Installment note bearing 7 % Interest. The note requires equal payments of $107,312 each year on October 31. (Table B1, Table B.2. Table B.3, and Table B.4) (Use approprlate fector(s) from the tables provided.) Required: 1. Complete an amortizatlon table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Accrued Interest as of December 31, 2017 (the end of Its annual reporting perlod). (b) The first annual payment on the note. b) The first annual payment on the note. Complete this question by entering your answers in the tabs below. Req 2A and 2B Req 1 Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Period Ending Date Beginning Balance Debit Interest Expense + Debit Notes Payable Ending Balance =Credit Cash 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 Total Req 2A and 2B (b) The first annual payment on the note. Complete this question by entering your answers in the tabs below. Req 2A and 2B Reg 1 Prepare the journal entries in which Norwood records for accrued interest as of December 31, 2017 (the end of its annual reporting period) and the first annual payment on the note. View transaction list X Record the interest accrued on the note as of December 1 31, 2017 Record the first instaliment payment on October 31, 2018. Assume no reversing entries were prepared. 2 Credit 2 of 3 re to search