Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) On January 1, 2020, Eagle Company borrows $32,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $9,877, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023 Exercise 10-12 (Algo) Installment note amortization table LO C1 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) (E) Ending Balance Period Ending Date 2020 2021 Payments (A) (8) (C) (D) Beginning Debit Interest Debit Notes Credit Cash Balance Expense Payable $ 32,000 $ 2,880 $ 6,997 $ 9,877 9,877 9,877 -15,126 25,003 9,877 $ - 12,246 $ 32,000 $ 39,508 15 2022 2023 0 Total