Please explain and show how we got each number. show all the calculations in detail please

16. On 1/1/2012, Bing Corp. sold a wine refrigerator, receiving $500 cash at the point of delivery and the balance through a note receivable with three annual payments of $1,000 each. As shown in the table below total cash receipts are $3,500. Bing records the sale on an accrual basis, recognizing all of the sales revenue at the point of sale. On 1/1/2012, the note receivable has a present value of $2,487, using an appropriate 10% discount rate. The wine refrigerator cost Bing Corp. $1,500. a. Complete the amortization schedule for the year ended 12/31/2012 (a total of three values). Use the effective interest rate method. Put your answers directly in the table above. Round your answers to the nearest dollar. b. How much should Bing Corp. report as sales revenue from the sale of the wine refrigerator in 2012?$2,987