Required information

Use the following information for the Exercises below. (Static)

[The following information applies to the questions displayed below.] On January 1, 2020, Eagle Company borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $29,523, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023.

Exercise 10-12 (Static) Installment note amortization table LO C1

Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.)