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QUESTION INFORMATION: On January 1, 2020, Trenton Company borrowed $324,000 cash by issuing a 5 year, 8% installment note. The principal and interest are repaid

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QUESTION INFORMATION: On January 1, 2020, Trenton Company borrowed $324,000 cash by issuing a 5 year, 8% installment note. The principal and interest are repaid by making annual payments beginning on December 31, 2020. QUESTION TO ANSWER: Rounded to the nearest dollar, the amount of principal repayment included in Trenton's December 31, 2020 payment is $_

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