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Puppy Dog Inc. purchased several trucks with an installment note payable on 1/1/2019. Puppy Dog Inc. agreed to pay $50,000 at the end of each

Puppy Dog Inc. purchased several trucks with an installment note payable on 1/1/2019. Puppy Dog Inc. agreed to pay $50,000 at the end of each year for four years. The installments will fully pay off the loan and all interest. The interest rate of the loan was 4%. What was Puppy Dog Inc's loan balance at 12/31/2019?

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