Problems (7 marks (13 minutes) On December 31, 20x1, the Hanlon Corporation took out a 4%. 5500,000 bank loan. The loan is repayable over 3 years at equal annual repayments of $180,174 on December 31 of each year. The first payment is due on December 31, 20x2 and the last payment is due on December 31, 204 Required- 2. Prepare an amortization schedule for this loan b. Prepare the joumal entry at December 31, 20x3 to record the annual payment