On October 31, 2023, Flatbush Corporation signed a 2-year installment note in the amount of $50,000 in conjunction with the purchase of equipment. This note is payable in equal monthly installments of $2,410, which includes interest computed at an annual rate of 12%. The first monthly payment is made on November 30, 2023. This note is fully amortizing over 24 months. Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer the questions (a) through (c) below (PLEASE ROUND ALL OF YOUR ANSWERS TO THE NEAREST DOLLAR): Payment Date Issuance Monthly Interest Repayment Unpaid Payment Expense of Principal Balance $50,000 Nov. 30 $2,410 ? ? ? Dec. 31 $2,410 ? ? In answering (a) below, provide both the interest expense AND the balance in the installment note at the end of the year (a) With respect to this note, Flatbush's 2022 income statement will include interest expense of , and Flatbush's balance sheet at December 31, 2022, will include a total liability for this installment note of $ (Do not separate into current and long-term portions.) (b) The aggregate monthly cash payments Flatbush will make over the 2-year life of the installment note will equal: (c) Over the 2-year life of the note, the total amount Flatbush will pay in interest equals: (c) Over the 2-year life of the note, the total amount Flatbush will pay in interest equals: In answering this question, provide 4 different $ amounts: a-2 amounts; b-1 amount; and c - one amount. A BI US x x I Ff T: X