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On November 30, 2020. Calia Resources Ltd, borrowed $210,000 from a bank by signing a four-year installment note bearing interest at 8%. The terms of

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On November 30, 2020. Calia Resources Ltd, borrowed $210,000 from a bank by signing a four-year installment note bearing interest at 8%. The terms of the note require equal payments each year on November 30, starting November 30, 2021. Use TABLE MA2 (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the size of each installment payment (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Payment 2. Complete an installment note amortization schedule for this note (Do not round intermedinte calculations. Round the final answers to the nearest whole dollar. Enter all the amounts os positive values.) Payments Period Ending Beginning Balance Period Interest Expense Debit Notes Payable Credit Cash Ending Balance Nov 30/21 Nov 30/22 Nov 30/23 Nov 30/24 Total

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