Question 5: On December 31,206, an entity takes out a 3%,5 year, $750,000 bank loan. The loan is repayable over the next 5 years at equal annual payments of $163,766. Payments are due each December 31. Required - Prepare an amortization schedule for this loan. Prepare the journal entries for the years ended December 31,206,207 and 208. How will the bank loan be presented on the statement of financial position as at December 31,208