On October 31, 2020, Hancock Corp. signed a three-year $60,000 installment note in conjunction with the purchase of a truck. This note is payable in equal monthly installments of $2,000, which includes interest computed at an annual rate of 10%. The first monthly payment is made on November 30, 2020. This note is fully amortizing over 36 months. Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer questions (a) through (c) below (PLEASE ROUND ALL OF YOUR ANSWERS TO THE NEAREST DOLLAR): Interest Payment Date Monthly Payment Repayment of Principal Expense Unpaid Balance $60,000 Issuance Nov. 30 $? $? $? $2,000 $2,000 Dec. 31 S? S? $? (a) With respect to this installment note, Hancock's 2020 income statement will include interest expense of and Hancock's balance sheet at December 31, 2020 will include a total liability for this note of (Do not separate into current and long-term portions.) In answering (a) below, provide both the interest expense AND the balance in the installment note at the end of the year. (b) The aggregate monthly cash payments Hancock will make over the 3-year life of the installment note will equal $ (c) Over the 3-year life of the note, the amount Hancock will pay for interest amounts to $___?_ In answering this question, provide 4 different s amounts: (a) - two $ amounts; (b) - one $ amount; and (c) - one $ amount = 11 - ? U x