Please see the attached file.

I'm not sure how to do this question. I have tried it but I'm not sure if I'm on the right path. I am assuming that the initial carrying value is $130,368 (43,345 x 3) and that the difference of 130,368 and 120,000 is the interest??

Desrocher Ltd. issued an instalment note on January 1, 2014 (with a required yield of 11%), in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $102,000. The note calls for three equal blended payments of $41,740 that are to be made at December 31, 2014, 2015, and 2016 Prepare an effective-interest amortization table for the instalment note for the three-year period. (Round answers to 0 decimal places, e.g. 5,275. Do not leave any answer field blank. Enter 0 for amounts.)