prepare amorization schedule. assume effective interest method is used for anortization purpose. round to 0 decimals

On December 31, 2020, Ivanhoe Inc. rendered services to Beghun Corporation at an agreed price of $ 120,418, accepting $ 47.200 down and agreeing to accept the balance in four equal installments of $ 23,600 receivable each December 31. An assumed interest rate of 11% is imputed. (1) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, s. 5,275.) December 31, 2020 Schedule of Note Discount Amortization interest Decrease Revenue Carrying Amount Cash Received Date Carry Amount 12/31/20 $ $ $ 121 12/31/22 12/31/23 12/31/24 Save for Later Attempts: 0 of 1 used Submit