Plesse help me understand what happens in picture 2.
On November 30, 2020, Colla Resources Ltd. borrowed $170,000 from a bank by signing a four-year installment note bearing interest at 6%. The terms of the note require equal payments each year on November 30, starting November 30, 2021. Use TABLE 14A 2 (Use eppropriate foctor(s) from the tables provided.) Required: 1. Calculate the size of each installment payment. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar) Answer is complete and correct. Payment 49,061 4. Now assume that the note does not require equal payments but does require four payments that include accrued interest and on equal amount of principal in each payment Complete an installment note amortization schedule for this note. Present the journal entries that Calla would make to record accrued interest as of December 31, 2020 (the end of the annual reporting period), and the first payment on the note. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Answer is not complete. Period Ending Beginning Balance Payments Debit Notes Payable Period Interest Expense 10.200 Credit Casti Ending Balance ls 170,000 Nov 30/21 Nov. 30/22 Nov. 30/23 Nov. 30/24 Tolats 0 10.200 TABLE 14A.2 Present Value of an Annulty of 1 Period Rato Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 1 2 3 5 6 7 8 9 0.9901 0.9B04 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8695 19704 1.9416 1.9135 1.8861 1.8594 1.8334 1 8080 1.7833 1.7591 1.7355 1.6901 1.6257 2.9410 28839 2.8286 2.7751 2.7232 2.6730 2.6243 2.577125313 2.4869 24018 22832 3:9020 38077 37171 3.6299 3.5460 3,4651 3.3872 3.3121 3.2397 3.159930373 28550 4.8534 4.7135 4.5797 4.4518 4,3295 4.2124 4.1002 3.99273.88973.7908 3.6048_3.3522 5.7955 5.6014 5.4172 5.2421 5,0757 4.9173 4.7665 4.6229 4.48594.3553 41114 3.7845 6.7282 6:4720 6:2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 45638 4.1604 76517 7 3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.7466 5.5348 5.33494.9676 4:4873 825660 8.1622 7.7861 7.4353 7.1078 6.80176.5152 6.2469 5.9952 5.7590 5.3282 4.7716 9.47.13 8.9826 8.53028 1109 7.7217 7.3601 7.0236 6.7101 6.417761446 5.65025.0188 103676 9.786892526 8.7605 8.3064 7-8869 74987 713906.805264951 5.9377 52337 255E10 57539 9540 9.3851 8.8633 3:3838 79427 7.5361 7.16076 8137-61944 54206 12:1337311348410 6350 9.9856 9.3936 8.8527 83577 79038 74869 721034 6.423555831 13:003 12:1062112961 10.5631 9.8986 9.2950 B.74558.2442778627.36676 6282 5.7245 13.865112 8493_119379 111184 10.37979.7122 9. 1079 8.5595 8.0607 76061 6.81095.8474 14-7179 13 5777 12 5611116523 10.8378 10. 10599,4466 8.851483126 7.8237 6.9740 5.9542 15.5623 14:291913.1661 12. 1657 11.2741 10.4773 97632 9:1216 8.5436 8.0-216 21196 50472 163983 14.9920 13.7535126593 11.6896 10.8276 10.0591 9.3719 87556 8 2014 72497 6. 1290 122260 156785943238 1333912:0853 11 1581 10 3356 9.603639501 8.3549 736586 1982 18 16.8514148215 13.5903121622 11:46997 10.5940 9.8181 9128585136 691 6.2593 0 19 5235174131 15 622140939-127834 11:6536106748 8226 907778431 5.46 1965 19600417 2930 15.3725137648124090 11.257810 2731425933056265660 2 18.664G3742449822.9477 11,6546109.61755 65166 3555 28 1149295915 01 18:38 119240 15 191438 6.8418 6 58 25 50 BS
