Problem 7-8 on December 31, 2017, Bridgeport Inc. rendered services to Beghun Corporation at an agreed price of $121,693, accepting $47,700 down and agreeing to accept the balance in four equal installments of $23,850 receivable each December 31. An assumed interest rate of 11% is imputed. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to 0 decimal places, e.g. 5,275.) December 31., 2017 Schedule of Note Discount Amortization Cash Interest Carrying Received Amount of Note Date Revenue 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 sHow LIST OF A Prepare the entries that would be recorded by Bridgeport Inc. for the sale on December 31, 2017. (Round answers to 0 decimalplaces, e.g. 5.275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation