On November 1, 2019, Norwood borrows $470,000 cash from a bank by signing a five-year installment note bearing 6% interest. The ote requires equal payments of $111,575 each year on October 31 Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following (a) Accrued interest as of December 31, 2019 (the end of its annual reporting period). (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 Beginning Balance Debit Interest Expense + Debit Notes Payable Ending Balance = Credit Cash Date 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 Total Rea 2A and 28 Journal entry worksheet 2 1 Record the interest accrued on the note as of December 31, 2019. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2019 Record entry View general journal Clear entry