On November 1, 2020, Norwood borrows $570,000 cash from a bank by signing a five-year installment note bearing 6% interest. The note requires equal payments of $135,315 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, 2020 (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. Req1 Reg 2 and 28 Complete an amortization table for this installment note. (Round your Intermediate calculations to the nearest Cottat amount) Period Ending Date Beginning Debit interest Debit Notes Balance Expense Payable Credit Cain Ending Balance 10/31/2025 10/31/2022 10/31/2023 10/31/2024 10/31/2025 Total Reg Req 2A and 28 > View transaction list 1 Record the interest accrued on the note as of December 31, 2020 2 Record the first installment payment on October 31, 2021. Assume no reversing entries were prepared. Credit ote: = journal entry has been entered Record entry Clear entry View general journal