part b please:)

On December 31, 2020, Culver Inc. rendered services to Beghun Corporation at an agreed price of $105,982, accepting $41.000 down and agreeing to accept the balance in four equal installments of $20,500 receivable eachDecember assumed interest rate of 10% is imputed. upport (a 1) Your Answer Correct Answer Your answer is correct. Prepare an amortization schedule. Assume that the effective interest method is used for amortization purposes. (Round answers to 0 decimal places, e... 5,275.) December 31, 2020 Schedule of Note Discount Amortization Interest Discount Revenue Amortized Cash Received Carrying Amount of Note Date 2/31/20 $ 64982 131/21 20500 6498 14002 50980 /31/22 20500 5098 15402 35578 20500 3558 16942 13634 2/31/23 2/31/24 20500 1864 18636 Prepare the entries that would be recorded by Culver Inc. for the sale on December 31, 2020. (Round answers to decimal places, 3. 5.275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit accounts are automatically indented when the amount is entered. Do not Indent manually Debit Credit Account Titles and Explanation Cash 41000 Notes Receivable 82000 Service Revenue 105982 Discount on Notes Receivable 17018 e Textbook and Media List of Accounts Attempts: 2 of 3 used Prepare the entries that would be recorded by Culver Inc. for the (a) receipts and (b) interest on December 31, 2021 (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry' for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation